Data Round Up
- UK economy picks up in q2, expanding by 0.4%. This growth is driven by the dominant services sector and revival in construction activity.
- Labour market continues to thrive, with the unemployment rate dropping to a fresh low of 4.0%.
- UK manufacturing eases considerably in August, with the manufacturing PMI dropping to 52.8.
- US economy continues to run ahead of its global competitors, expanding by 1% in q2. The US remains the driving force behind the global economy.
You can read the full economic briefing here