UK economy grows 0.7% in third quarter
UK Q3 GDP rose 0.7% q/q, in line with forecasts, with September GDP beating expectations while the trade deficit widened.
What we know
The FT reports the UK economy expanded 0.7% in Q3. Data showed Q3 GDP up 1.9% y/y and September GDP up 0.2% m/m against a 0.0% estimate. The September trade deficit widened to £22.29B versus £19.20B expected, and industrial production rose 0.3% m/m versus an expected fall.
Sources
@FT
“UK economy expanded by 0.7% in third quarter”
View post →What people are posting
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@FirstSquawk
“UK (Sep) GDP (MOM) ACTUAL: 0.2% VS 0.1% PREVIOUS; EST: 0.0%”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.