UK GDP Grows by 0.4% in August to Reduce Gap With Pre-Pandemic Levels

UK GDP Grows by 0.4% in August to Reduce Gap With Pre-Pandemic Levels

(ONS) UK gross domestic product increased by 0.4% in August, more than a surge of 0.1% the previous month. The GDP is now 0.8% below the levels before the coronavirus in February 2020.

UK Monthly GDP

Services output expanded by 0.3%, while consumer-facing services were up by 1.2%. All other services increased by 0.1%. 

Production output rose by 0.8%, reflecting increased crude and natural gas extraction after the temporary closure.

Construction output was down by 0.2%, pushing the sector to 1.5% below its pre-pandemic level.

FTSE 100 is down -0.50%, GBPUSD is up +0.33%.

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