UK Economy Grows Slightly in August with Supports from Service Sector

U.K. economic growth expanded slightly in August, boosted by the service sector that offset the decline from production and construction output, according to estimated data released on Thursday by the Office for National Statistics (ONS) on Thursday.

Gross Domestic Product for the United Kingdom grew 0.2% in August, showing a recovery from a downwardly revised 0.6% contraction in July.

The expansion was supported mainly by the service output that increased 0.4% on the month, while construction output fell 0.5% and production output dropped 0.7%.

“Our initial estimate suggests GDP grew a little in August, led by strong growth in services which was partially offset by falls in manufacturing and construction,” said ONS director of economic statistics.

The month-on-month increase in August was in line with the market forecast of 0.2% growth.