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09.11.2018 11:44

UK gross domestic product (GDP) grew by 0.6% in Quarter 3 2018

Commenting on today’s GDP figures for Quarter 3 (July to Sept) 2018, Head of National Accounts Rob Kent-Smith said:

“The economy saw a strong summer, although longer-term economic growth remained subdued. There are some signs of weakness in September with slowing retail sales and a fall-back in domestic car purchases. However, car manufacture for export grew across the quarter, boosting factory output. Meanwhile, imports of cars dropped substantially helping to improve Britain’s trade balance.”