UK Economy Expands by 0.1% in August, Defying Slowdown Fears
Modest growth driven by service sector activity and steady consumer spending.
The British economy grew by 0.1% in August, signaling a modest but positive rebound amid ongoing inflationary pressures.
Analysts attribute the growth to a strong performance in services and retail spending, offsetting weakness in manufacturing and construction.
Economists say the figures suggest the U.K. remains on a fragile path to recovery as policymakers weigh future interest rate moves.
Analysts attribute the growth to a strong performance in services and retail spending, offsetting weakness in manufacturing and construction.
Economists say the figures suggest the U.K. remains on a fragile path to recovery as policymakers weigh future interest rate moves.
