The UK economy recorded no growth between July and September, according to data from the Office for National Statistics.
Economists had forecast the economy to shrink by around 0.1% during this period.It follows the economy’s 0.2% growth in the second quarter.The fresh figures mean that the UK has dodged a recession this year - defined as two consecutive quarters of negative gross domestic product . GDP measures the value of goods and services produced.The services sector saw a small decline in the third quarter , compared with the manufacturing sector ’s slight growth.
"Services dropped a little with falls in health, management consultancy and commercial property rentals."These were partially offset by growth in engineering, car sales and machinery leasing. "In the month of September the economy grew slightly, with increases in film production, health and education."This growth was partially offset by falls in retail and computer programming.
UK Economy Growth Third Quarter Recession GDP Services Sector Manufacturing Sector
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