UK GDP growth shrinks to -0.1% in August

All sectors down from July

clock • 1 min read

The UK economy contracted in August according to Office for National Statistics (ONS) figures, contrary to expectations of stagnant growth.

Monthly gross domestic product (GDP) growth was negative 0.1% in August 2019, following June and July's respective positive figures of 0.1% and 0.4%, with all component sectors having fallen from their July levels. Yet overall UK GDP grew by 0.3% in the three months to August, indicating a recession may not be inevitable. The services sector was the main contributor to GDP, which grew by 0.4%, driven by a relatively strong performance in June and July versus the three months prior. BofAML survey: Managers warn of secular stagnation (but not a recession) Meanwhile, the production...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Aegon AM launches UK-domiciled global income fund

Aegon AM launches UK-domiciled global income fund

In response to client demand

clock 27 June 2025 • 1 min read
CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

Focus on quality

Charlotte Ryland and Joe Hawkes
clock 26 June 2025 • 4 min read
Almost half of UK investors using social media for financial advice

Almost half of UK investors using social media for financial advice

Many sources 'unregulated and unverified’

Sorin Dojan
clock 23 June 2025 • 2 min read
Trustpilot