You are here

UK economy loses momentum as pace of growth revised lower

Q3 GDP rose 0.4% instead of the 0.5% estimated, while Q2 growth was revised down to 0.5%

The economy continues to be led by domestic demand, with consumer spending rising an upwardly revised 0.9 per cent in the third quarter and real disposable income growing 4 per cent on the year, the fastest annual pace since the start of 2010.


THE UK economy expanded less than previously estimated in the past two quarters in a sign that growth is losing some momentum.

Gross domestic product rose 0.4 per cent between July and September instead of the 0.5 per cent previously estimated, the Office for National...

Market voices on: