UK GDP Grows 0.1% in August, Beating Forecast for a Contraction

UK gross domestic product (GDP) grew 0.1% month over month in August, beating expectations for a contraction as production growth helped counter weakness in services and construction. Economists had expected GDP to fall 0.1% between July and August. The August increase was slower than the 0.4% monthly growth recorded in both June and July. The British pound rose 0.4% against the U.S. dollar after the figures were released. Yields declined across UK government debt maturities. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost