UK economic growth stalls in August, but improves 0.7% over the quarter
The UK's economy was stagnant in August, the latest figures revealed this morning.
Statistics from the Office for National Statistics (ONS) showed the economy flatlined during August, but grew 0.7% over the quarter.
Zero growth in August followed a 0.4% rise in GDP (gross domestic product) in July, which was revised up from a previous estimate of 0.3%.
Growth in June was also revised up, to 0.2% from 0.1%.
The 0% forecast for August was contrary to expectations, which had predicted a 0.1% increase.
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