• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

UK GDP did not change in the third quarter


November, 10 2023
watermark Economic news

According to preliminary data from the National Statistical Office, in the third quarter of 2023, the UK's economic growth remained unchanged compared to the second quarter.


This was the weakest result in the last four quarters, but still better than analysts' forecasts, which expected a 0.1% decline in GDP.


On an annualized basis, British GDP grew by 0.6% in Q3. For comparison, in the second quarter, economic growth was 0.2% compared to the previous quarter and 0.6% in annual terms compared to the same period in 2022.


Consumer spending in the period from July to September fell by 0.4%, government spending decreased by 0.5%, and business investment decreased by 4.2%.


In the service sector, a decrease of 0.1% was registered, although the construction industry showed an increase by the same amount. There were no significant changes in the production sector.


Exports increased by 0.5%, while imports decreased by 0.8%.


Top Top