The UK economy grew by 0.2% in August, according to figures from the Office for National Statistics (ONS). This modest increase in gross domestic product (GDP) follows two months of

stagnation, but officials noted that overall growth has slowed in recent months compared to the first half of the year.

The growth figure, which aligns with economists' forecasts, reflects positive performance across several key sectors. Liz McKeown from the ONS said, "All main sectors of the economy grew in August, but the broader picture is one of slowing growth compared to earlier in the year." She added that accountancy, retail, and manufacturing had particularly strong months, while construction rebounded after a decline in July. However, these gains were partially offset by declines in wholesaling and oil extraction.

The ONS also reported that the economy grew by 0.2% over the three months leading up to August.

Chancellor Rachel Reeves welcomed the figures ahead of an international investment summit, calling the news a positive sign for the government's economic priorities. "Growing the economy is the number one priority of this government so we can fix the NHS, rebuild Britain, and improve the lives of working people," she said. "While change will take time, we are focused on delivering on our promises."

The services sector was the largest contributor to growth, rising by 0.1% in both August and July. Meanwhile, the UK's total trade deficit widened by £3 billion to £10 billion in the three months to August, driven by an increase in goods imports. Photo by Londoneye at the English-language Wikipedia.