UK Stagnation Fears Persist Despite Late Summer Economic Rebound
- Strikes abated during August, boosting health and education
- Figures leave question mark over third quarter as a whole
UK GDP rose 0.2% following a revised 0.6% contraction in July.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
UK economic growth remained weak in August, as a modest rebound from a strike-afflicted July failed to ease concerns that output would shrink in the third quarter.
Gross domestic product rose 0.2% following a revised 0.6% contraction in July, the Office for National Statistics said Thursday. Economists had expected growth of 0.2%.