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.
