{"id":48813,"date":"2026-11-12T07:42:16","date_gmt":"2026-11-12T07:42:16","guid":{"rendered":"https:\/\/financialrush.com\/?p=48813"},"modified":"2026-11-12T07:42:16","modified_gmt":"2026-11-12T07:42:16","slug":"uk-economic-growth-picks-up-to-0-7-in-third-quarter","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=48813","title":{"rendered":"UK economic growth picks up to 0.7% in third quarter"},"content":{"rendered":"

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Covent Garden, London<\/p>\n

Shomos Uddin | Moment | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The U.K. economy grew 0.7% in the third quarter of the year, in line with estimates, driven by output in the services sector. <\/p>\n

Economists polled by Reuters had expected the economy to grow 0.7% from the previous quarter. <\/p>\n

The economy grew 1.9% year-on-year in the three months to September <\/p>\n

The figures showed a slight improvement from the previous quarter, when gross domestic product grew<\/a> by 0.5%. In the first quarter, the economy grew by 0.6%. <\/p>\n

The services sector expanded by 0.9%, data from the U.K.’s Office for National Statistics showed on Thursday morning. It offset output growth of 0.1% in the production sector and a 0.7% contraction in construction.<\/p>\n

In September, the economy grew by 0.2% month-on-month, beating expectations that GDP would flatline. It marked an improvement from the previous month, with revised figures showing the British economy carved out zero growth in August. <\/p>\n

U.K. finance minister John Healey said in a statement that the country was showing “stand-out resilience” despite the U.S.-Iran war hitting growth worldwide. <\/p>\n

“Our U.K. economy is growing at the fastest rate in almost ten years, outside the pandemic,” he said. <\/p>\n

Prime Minister Andy Burnham said the third-quarter growth was “bringing hope for the future.”<\/p>\n

The British pound<\/a>