Economy: British economy with strongest growth since 2022
Above all, the manufacturing sector is clearly growing on the island. This means that the British government can present the strongest growth since the end of the Corona pandemic.
The UK economy grew 2.1% in August compared to the same month last year, the strongest growth since October 2022, according to the Office for National Statistics (ONS). This growth was driven by the manufacturing sector, which increased by 1.2% from the previous month. The service sector stagnated, but performed better than expected, while construction output declined slightly.
The ONS cited the boom in artificial intelligence as a factor supporting economic growth, with software development being the largest growth driver in the three months to August.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
