UK economy grew by an unrevised 0.1% between July and September while expansion was weaker than first thought in the second quarter, according to ONS figures
The UK’s economy did grow at 0.1% during the July to September period, though growth proved weaker than initially estimated in the second quarter, official data has revealed.
The Office for National Statistics (ONS) confirmed that economic momentum slowed in the third quarter following the cyber incident at Jaguar Land Rover that disrupted manufacturing sector performance.
However, performance also fell short of initial projections in the preceding three-month period, with gross domestic product (GDP) rising by just 0.2% in the quarter ending June, down from the earlier calculation of 0.3% expansion.
The ONS additionally adjusted upward the growth figure for last year’s final quarter to 0.3% from the previously recorded 0.2%, though the overall 2024 projection remained at 1.1% growth.
Liz McKeown, ONS director of economic statistics, commented: “Today’s updated figures paint the same picture as our initial estimate, with growth continuing to slow in the third quarter.”
She added: “Growth in services were partially offset by falls in production, with a marked drop in car manufacturing.”
Despite the second quarter adjustment, the UK maintained its position as the joint fastest expanding economy within the G7 nations, matching Japan’s 0.9% growth rate, followed by the US.
