UK economy shrinks in August by 0.3% due to fall in production

October 13, 2022 01:41 PM

Britain's gross domestic product contracted by 0.3% in August, the Office for National Statistics said on Wednesday. The contraction was led by production and services falling back.

Consumer-facing services contracted by 1.8%, with the largest falls in sports, amusement and recreation.

GDP growth in July was revised down to 0.1% from a previous estimate of 0.2%, ONS said.

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