UK GDP grew 0.4% mom in August, slightly below expectation of 0.5% mom. Services grew 0.3%. Production rose 0.8% mom. Construction contracted by -0.2% mom. In the three months to August, GDP grew 2.9% 3mo3m, mainly due to the performance of services, largely reflects gradual reopening.
Comparing to pre-pandemic levels in February 2020, overall GDP was still down -0.8%. Services was down -0.6%. Production was down -1.3%. Manufacturing was down -2.4%. Construction was down -1.5%.
Also from the UK, goods trade deficit widened to GDP -14.9B in August, versus expectation of GBP -11.9B.
