Arab Today, arab today british economy grew in 3rd quarter
Last Updated : GMT 04:23:09
Arab Today, arab today
Arab Today, arab today

British economy grew in 3rd quarter

Arab Today, arab today

Arab Today, arab today British economy grew in 3rd quarter

London - UPI

Britain\'s Office of National Statistics said the country avoided a recession in the third quarter, if only just barely. After a 0.5 percent April through June gross domestic product drop, the country\'s economy grew 1 percent July through September, the national data bureau said in an early estimate. ONS said industrial production was estimated to have grown 1.1 percent in the quarter compared with the second quarter after falling 0.7 percent in the previous quarter-to-quarter report. The construction sector contracted by 2.5 percent in the third quarter after shrinking 3 percent in the previous three months. For the third quarter, output at service industries rose 1.3 percent after shrinking 0.1 percent in the previous quarter, ONS said.

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