British economy grows 0.1% in 3rd quarter, below forecasts

ANKARA

Gross domestic product (GDP) in the UK economy rose 0.1% in the third quarter of 2024 compared to the previous period, below market forecasts, according to flash data released on Friday.

The figure slowed from 0.5% growth in the second quarter and was below market forecasts of 0.2%, data from the Office for National Statistics showed.

The expansion was led by a 0.1% rise in the services sector and a 0.8% increase in construction output, while production fell 0.2% quarter-on-quarter in July-September.

On an annual basis, GDP in the UK is estimated to have risen 1% in the third quarter of this year.