UK with one leg in recession: GDP contracted 0.3% in August weighed down by manufacturing.
GDP in the UK contracted by 3 tenths in August. This follows from estimates made by the UK statistical office. He thought it had fallen into negative territory in August despite rising 0.1% in July.
The agency explained that quarterly growth continued to slow, where quarterly GDP until August also fell 0.3% compared to the previous quarter. He said that the main cause of what was happening in GDP was production, which in August fell 1.8% and above all this was due to a 1.6% decline in manufacturing.
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