MADRID, 12 October (EUROPA PRESS) –
The UK’s Gross Domestic Product (GDP) fell 0.3% in August compared to the previous month, weighed down by a 1.8% production decline, according to data published this Monday by the Office for National Statistics (ONS).
The fall in the UK economy comes after a 0.1% rise in July, which has been revised down from 0.2%, and zero growth forecast for this August.
According to data released by the ONS, the accumulated decline in the previous three months represented 0.3% compared to the three months before May.
The decline anticipates a possible recession in the third quarter of this year. To avoid this, the UK economy should register growth of more than 1% in September.
By sector, services fell 0.1% in August, with specific incidents in health (-1.3%) and arts, entertainment and recreation (-5%), and partially offset by a 1.2% increase in science activity and technical.
Construction grew by 0.4%, an increase of 0.1% recorded in July, driven by a 1.9% increase in new construction, while repairs and maintenance recorded a monthly decline of 2%.
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