The UK economy took another small step towards avoiding recession on Thursday as new data showed it bounced back in August from strikes and poor weather the month before.Gross domestic product (GDP) - which measures the value of goods and services produced - rose by 0.2% in August, compared to a 0.6% drop in July, the Office for National Statistics said. The July figure was also revised down from a 0.5% fall on Thursday.

The UK economy took another small step towards avoiding recession on Thursday as new data showed it bounced back in August from strikes and poor weather the month before.Gross domestic product (GDP) - which measures the value of goods and services produced - rose by 0.2% in August, compared to a 0.6% drop in July, the Office for National Statistics said. The July figure was also revised down from a 0.5% fall on Thursday.