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UK Economy Contracts In August

Por: RTTNews Business October 12, 2022

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The UK contracted unexpectedly in August on weak services and industrial production, the Office for National Statistics said on Wednesday. Gross domestic product shrank 0.3 percent month-on-month, in contrast to the revised 0.1 percent growth in July. GDP was forecast to remain flat after July's initially estimated growth of 0.2 percent.Monthly GDP is now estimated to be at the same level as its pre- levels, the ONS said.On a yearly basis,... + full article



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