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Financial report: The UK economic system has seen its slowest GDP progress because the pandemic

People walk through a crowded shopping street in Birmingham, Central England on August 22, 2020.

Justin Tallis / Agence France-Presse / Getty Images

The UK economy grew 2.1% in August. That comes from data released on Friday that showed the slowest monthly profit since the initial lockouts.

The rise in gross domestic product has left the UK economy 9.1% below its February level, according to the Bureau of National Statistics. It was also below economists' expectations for growth of 4.6%.

UK GDP was up 6.4% in July, 9.1% in June and 2.7% in May. The slowdown in growth is worrying as the UK tightened restrictions in several areas amid rising cases of coronavirus.

In August, construction rose 3% and service production rose 2.4%, while production rose 0.3%, manufacturing rose 0.7% and agriculture rose 0.7%.

The pound
GBPUSD,
+ 0.10%
has been stable and has published more news of European Union trade talks than of UK economic data lately.

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