UK continues to feel heatwave effect with GDP growth of 0.7%

Stronger than analyst expectations

The UK economy grew by 0.7% in the three months to August 2018, according to the Office for National Statistics (ONS), unchanged from the rate of growth in the three months to July.

The ONS said all three main sectors contributed positively to the growth with services making the largest contribution at 0.42 percentage points, followed by the construction and production industries. Although the growth rate was on a par with the revised growth for the previous three months, the figures remain the highest growth rates since February 2017. The figures were above expectations, with analysts forcecasting growth of 0.6% for the period, on the back of upward revisions to earlier data.  Two years on from the Brexit referendum, how has the UK economy fared? GDP growt...