empty
 
 

2019.11.1108:48:00UTC+00UK GDP Recovers In Q3

The UK economy recovered in the third quarter driven by services and construction, data from the Office for National Statistics showed Monday.

Gross domestic product grew 0.3 percent sequentially in the third quarter after contracting 0.2 percent in the second quarter. Nonetheless, this was weaker than the expected growth of 0.4 percent.

On a yearly basis, GDP advanced 1 percent, which was the lowest since the first quarter of 2010.

The dominant service sector grew by 0.4 percent and construction climbed 0.6 percent in the third quarter. Meanwhile, production remained flat and farm output contracted 0.2 percent.

In September, GDP was down 0.1 percent as industrial production shrank 0.3 percent and construction by 0.2 percent. Services output remained unchanged on month in September.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback