UK GDP growth revised to 0.4%

UK GDP

UK GDP growth revised to 0.4% in third quarter of 2019

The ONS had earlier estimated that GDP grew 0.3% in the three months up to the end of September. It has now revised that figure to 0.4%.

The Office for National Statistics said, ‘Quarterly GDP growth has been 0.3% on average this year, continuing the slowing that has been experienced over the previous five years. Compared with the same quarter last year ago, the UK economy increased by 1.1% – the joint weakest figure since mid 2012.

This latest data set appears to suggest suggest that the economy may have done no better than flat-line in the fourth quarter and Brexit uncertainty continues to plague the economy, for now anyhow.

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