UK August monthly GDP +0.4% vs +0.5% m/m expected

Author: Justin Low | Category: News

Latest data released by ONS - 13 October 2021

  • Prior +0.1%; revised to -0.1%
  • GDP +2.9% vs +3.0% 3m/3m expected
  • Prior +3.6%
That's a decent improvement in economic output, though overall growth remains 0.8% below pre-pandemic i.e. February 2020 levels at this stage. The softer revision to July is a bit of a negative but there are some modest showings in the economy in August:Invest in yourself. See our forex education hub.

That said, supply and capacity constraints will be key detrimental factors that may weigh on the economic outlook further in Q4 so keep an eye on that.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose