Economic Intelligence special report on the 15th: The latest economic data from the UK shows that GDP unexpectedly increased by 0.1% month-on-month in August, outperforming market expectations of a 0.1% decline, and marking the third consecutive month of growth.
Industrial production rose 0.8% month-on-month, while manufacturing output increased 1.2%, serving as key drivers for the month's economic expansion.
Based on current data, if GDP remains flat in September, the UK's third-quarter economic growth could reach 0.7%. Even if there is no further GDP growth in the fourth quarter, the annual economic growth rate for 2026 is still expected to reach 1.5%.
UK Chancellor of the Exchequer Reeves will deliver her first fiscal budget on the 28th of this month. The unexpected GDP growth provides a strong boost ahead of the announcement, with her stating, 'The UK has shown resilience despite the shadow of ongoing conflicts in Europe and the Middle East.' (yc)
Industrial production rose 0.8% month-on-month, while manufacturing output increased 1.2%, serving as key drivers for the month's economic expansion.
Based on current data, if GDP remains flat in September, the UK's third-quarter economic growth could reach 0.7%. Even if there is no further GDP growth in the fourth quarter, the annual economic growth rate for 2026 is still expected to reach 1.5%.
UK Chancellor of the Exchequer Reeves will deliver her first fiscal budget on the 28th of this month. The unexpected GDP growth provides a strong boost ahead of the announcement, with her stating, 'The UK has shown resilience despite the shadow of ongoing conflicts in Europe and the Middle East.' (yc)