UK GDP rose 0.1% in August, marking a third consecutive monthly increase and leaving GDP up 1.8% through the first eight months of the year, Deutsche Bank’s Sanjeev Raja said. He added the UK remains the fastest-growing G7 economy. Sector details show consumer-facing services output fell 0.3% for a second month, information & communications output dropped 0.5%, and construction contracted 0.2% for a fourth month. Employment is down about 95,000. Raja said sustained energy prices are squeezing ho

UK GDP rose 0.1% in August, marking a third consecutive monthly increase and leaving GDP up 1.8% through the first eight months of the year, Deutsche Bank’s Sanjeev Raja said. He added the UK remains the fastest-growing G7 economy. Sector details show consumer-facing services output fell 0.3% for a second month, information & communications output dropped 0.5%, and construction contracted 0.2% for a fourth month. Employment is down about 95,000. Raja said sustained energy prices are squeezing household incomes and higher interest rates are weighing on consumption and investment, though overall the economy remains resilient.