FOREX TradingCharts.com

Financial News: UK Economy Expands At Slower Pace In Q3

UK Economy Expands At Slower Pace In Q3

11/11/2021 - 02:35:00 (RTTNews)

(RTTNews) - The UK economy expanded at a slower pace in the third quarter, the Office for National Statistics said Thursday.

Gross domestic product grew 1.3 percent sequentially in the third quarter, but weaker than the 5.5 percent expansion seen in the previous quarter. Nonetheless, this was the second consecutive growth.

The largest contributors to the increase were from hospitality, arts and recreation. The level of GDP was 2.1 percent below where it was before the coronavirus pandemic at the end of 2019.

On a monthly basis, GDP growth improved to 0.6 percent from revised 0.2 percent in August. The rate also exceeded the economists' forecast of 0.4 percent.

Industrial output grew 0.8 percent in the third quarter driven by the 26.3 percent increase in mining and quarrying.

At the same time, there was a 0.3 percent decline in manufacturing output. The manufacture of motor vehicles decreased 8.2 percent in September, the largest fall since last May.

Construction output fell 1.5 percent in the third quarter, after four consecutive quarterly increases. Services output grew 1.6 percent, after expanding 6.5 percent in the second quarter.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


France Consumer Confidence Stable In November (07 hr(s), 57 min(s), 42 sec(s) ago)
(RTTNews) - France's consumer confidence remained unchanged in November, preliminary data from ...Full Story»

Austria Manufacturing Growth Slows In November (08 hr(s), 17 min(s), 42 sec(s) ago)
(RTTNews) - Austria's manufacturing sector growth weakened for the fourth time in five months ...Full Story»

Italy Consumer Confidence Weakens In November (08 hr(s), 52 min(s), 42 sec(s) ago)
(RTTNews) - Italy's consumer confidence weakened in November, survey results from the statisti ...Full Story»

Swiss GDP Grows More Than Expected (09 hr(s), 23 min(s), 42 sec(s) ago)
(RTTNews) - Switzerland's economic growth slowed slightly in the third quarter, but the expans ...Full Story»

Sweden Retail Sales Increase In October (09 hr(s), 38 min(s), 42 sec(s) ago)
(RTTNews) - Sweden's retail sales increased in October, figures from Statistics Sweden showed ...Full Story»

Sweden Economic Confidence Weakens In November (09 hr(s), 50 min(s), 42 sec(s) ago)
(RTTNews) - Sweden's economic confidence weakened in November, data from the National Institut ...Full Story»

Lithuania Retail Sales Growth Eases In October (10 hr(s), 50 min(s), 42 sec(s) ago)
(RTTNews) - Lithuania's retail sales increased at a softer pace in October, figures from the s ...Full Story»

Germany Import Price Inflation Strongest Since 1980 (11 hr(s), 09 min(s), 42 sec(s) ago)
(RTTNews) - Germany's import price inflation accelerated to the highest since early 1980 due t ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

France Consumer Confidence Stable In November

11/26/2021 - 07:02 AM (RTTNews)
(RTTNews) - France's consumer confidence remained unchanged in November, preliminary data from ...Full Story>>

Austria Manufacturing Growth Slows In November

11/26/2021 - 06:42 AM (RTTNews)
(RTTNews) - Austria's manufacturing sector growth weakened for the fourth time in five months ...Full Story>>

Italy Consumer Confidence Weakens In November

11/26/2021 - 06:07 AM (RTTNews)
(RTTNews) - Italy's consumer confidence weakened in November, survey results from the statisti ...Full Story>>

Swiss GDP Grows More Than Expected

11/26/2021 - 05:36 AM (RTTNews)
(RTTNews) - Switzerland's economic growth slowed slightly in the third quarter, but the expans ...Full Story>>

Sweden Retail Sales Increase In October

11/26/2021 - 05:21 AM (RTTNews)
(RTTNews) - Sweden's retail sales increased in October, figures from Statistics Sweden showed ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.