UK economy picks up in August as GDP grows 0.4%

The latest snapshot showed activity in the accommodation and food service sectors, as well as arts, entertainment and recreation, contributed most to growth in the UK's dominant service sector, which makes up about 80% of the British economy. The service industries grew by 0.3% in August, bouncing back from a 0.1% drop in July, while manufacturing expanded by 0.5% following July's 0.6% decline. Overall production output climbed 0.8%, accelerating from July's 0.3% rise, as crude oil and natural gas extraction bounced back following a temporary closure of oil field sites for planned mai...