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UK economy shows surprise contraction in August

UK economy shows surprise contraction in August

The UK's economy contracted in August, surprising economists who had forecast zero growth.The Office for National Statistics said the economy contracted by 0.1% during the month, after growing by an upwardly-revised 0.4% in July.However, the economy grew in the three months to the end of August, indicating that the UK can avoid a recession.The ONS said weak manufacturing was offset by buoyant TV and film production.
Office for National Statistics
UK economy
Economic effects of Brexit
Economic growth
Economics
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