UK economy returns to growth in August

(Sharecast News) - The UK economy returned to growth in August, according to figures released on Friday by the Office for National Statistics. GDP rose 0.2% following no growth in June and July, in line with economists' expectations.

ONS director of economic statistics, Liz McKeown, said: "All main sectors of the economy grew in August, but the broader picture is one of slowing growth in recent months, compared to the first half of the year.

"In August, accountancy, retail and many manufacturers had strong months, while construction also recovered from July's contraction. These were partially offset by falls in wholesaling and oil extraction."