Economy grows slowly in August

Date : 13 October 2021

GDP for August 2021 is now available from ONS.

UK economic output was up 0.4% in August, with major contributions from foodservice, arts, entertainment, recreation and accommodation.

These sectors performed strongly as consumers got used to the lifting of restrictions on 19 July to combat COVID-19 and private demand surged.

However, the economy remains 0.8% below its pre-pandemic level. With labour supply issues, construction contracted.

 

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