UK economy slowed to show 0.1% growth in third quarter, ONS says


LONDON: Britain's economy grew by 0.1% in the July-to-September period of this year, the Office for National Statistics said on Monday, ‌in line with its initial estimate.

Economists ⁠polled by Reuters had forecast the reading for gross ​domestic product would be unrevised.

Growth in the second quarter was revised down to 0.2% from a previous estimate of 0.3%, the Office for National Statistics said.

Last week the Bank of England said it ‍expected ⁠zero GDP growth ‍in ​the October-to-December period but it ⁠thought that the underlying pace of economic growth was around 0.2% per quarter.

Monday's data showed that Britain's GDP ‍in the ‍third quarter was 1.3% higher than a year ‌ago - unchanged from the ONS's initial estimate - while on a ⁠per capita basis, output was 0.9% higher than the year before.

Britain's current account deficit in the ⁠three months to the end of September totalled 12.1 billion pounds, compared with a Reuters poll forecast of 21.1 billion pounds and equivalent ‍to 1.6% of GDP, smaller than 2.8% in ⁠the second quarter. - Reuters

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