November 15, 2024

The U.K. economy showed a surprise contraction in September and only marginal growth in the third quarter following a strong rebound at the start of the year, initial figures showed Friday.

Gross domestic product fell by 0.1% in September, following growth of just 0.2% the previous month, according to the Office for National Statistics. Economists polled by Reuters had expected growth of 0.2% for September. For the third quarter as a whole, the British economy grew just 0.1% compared to the previous quarter.

That’s below the 0.2% growth expected by economists and follows an expansion of 0.5% in the second quarter of the year.

Read more:

https://www.cnbc.com/2024/11/15/uk-q3-gdp-uk-economy-ekes-out-0point1percent-growth-below-expectations-.html