UK GDP growth slows to 0.1% in August, AJ Bell says

By Public Technologies
  • UK GDP growth slowed to 0.1% in August, beating expectations; output rose 0.7% over the three months to August.
  • Production was the only sector to grow in August, supported by AI-related manufacturing of computer and electronic equipment.
  • Consumer-facing services weakened as rising prices and cautious spending pressured the dominant services sector.
  • Economic resilience could support another Bank of England rate increase; markets priced a 94% probability of a November hike.
  • A revamped Help to Buy scheme planned for the Budget could support construction, which faces pressure from higher borrowing costs.


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