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UK economic slowdown is confirmed by new official figures

From news.sky.com

The UK economy grew by just 0.1% in the third quarter of this year, weaker than the 0.2% growth in GDP for the previous three months, new official figures reveal. The 0.2% figure, for April to June, was itself revised down by the Office for National Statistics (ONS), from its earlier estimate for the period of 0.3 per cent. The cyberattack on Jaguar Land Rover, which halted production for weeks, appears to have played a part in the July to September slowdown. "Today's updated figures paint the same picture as our initial estimate, with growth continuing to slow in the third quarter," said Liz McKeown, ONS director ... (full story)

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  • Category: Fundamental Analysis