UK August monthly GDP +0.2% vs +0.2% m/m expected

<ul><li>Prior -0.5%; revised to -0.6%</li><li>GDP +0.5% vs +0.5% y/y expected</li><li>Prior 0.0%; revised to +0.3%</li></ul><p>A rebound in services sector activity (+0.30%) was the main contributor to the monthly growth in August, while there were declining contributions in both production (-0.09%) and construction (-0.03%). Overall services output improved by 0.4% on the month after a fall of 0.6% in July with the largest drivers of growth being professional, scientific and technical activities, and education.</p>

This article was written by Justin Low at www.forexlive.com.