UK Economy Slows to 0.5% in Q3 as Manufacturing Tumbles…”more overseas shocks to the economy ahead.’
SputnikNews.com
27.10.2015
UK quarterly growth dropped as a decline in construction and manufacturing settled in, but the annualized growth figures are still above those of the Eurozone and Japan.
Kristian Rouz — The UK’s economic expansion slowed below expectations in Q3 as international headwinds might be taking their toll on industrial production and construction, while other sectors fared relatively well.
The steady growth is still there, but projections into the next year suggest a slowdown might persist, with more overseas shocks to the economy ahead.
The UK’s GDP added 0.5% quarter-on-quarter in the July through September period, which is slightly below the previously forecast 0.6%, as reported by the Office for National Statistics (ONS). The Q3 figure is also below the previous quarterly result of 0.7%, indicating a slowdown in the economy.
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