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UK economy grows only 0.1% in third quarter after September slowdown
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The quarterly gross domestic product figure published by the Office for National Statistics today (15 November) compared with an expansion of 0.5% in the second quarter and came in below economist consensus for 0.2% growth. Production fell by 0.5% in September, mostly as a result of a decline in manufacturing output. This marked a significant departure from August, when that figure stood at 0.5%. Overall, the sector recorded a 0.2% decline over the three months to September. Similarly, services output notched up just 0.1% in the third quarter, but monthly figures for September showed ...
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