According to Jin10, RSM UK economist Thomas Pugh said the UK economy may contract 0.1% in August as some of the strong momentum from June and July fades, while average quarterly growth has been 0.5% so far this year and third-quarter growth is still expected to be about 0.4% to 0.5%. He said industrial output may stagnate in August, while construction and services output are expected to decline. Pugh added that the use of artificial intelligence is expected to support information technology and other key industries, but rising inflation, higher interest rates and a weaker labor market may cause UK growth to slow significantly in the fourth quarter and in 2027.