The UK economic showed no growth at all in the third quarter, the Office for National Statistics said on Monday in a revised estimate of gross domestic product.
The ONS said that in the three months ended September 30, real GDP growth is estimated to have stay flat compared to the second quarter, revised down from the first estimate increase of 0.1% growth.
Compared with the same quarter a year ago, the ONS said, real GDP is estimated to have increased by 0.9%.
The quarterly path of real GDP at an aggregate level is unchanged from that between the first quarter in 2023 and the first quarter this year, the ONS said. However, it said there have been downward revisions of 0.1 percentage point in the second and third quarters.
‘Early estimates show that real GDP per head fell by 0.2% in quarter three 2024, and is 0.2% lower compared with the same quarter a year ago,’ the ONS said.
The official statistics agency added that there was no growth in the services sector in the latest quarter, while a 0.7% increase in construction was offset by a 0.4% production decrease.
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