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European Economic News

UK Q3 GDP Expands 0.8% As Estimated

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The British economy expanded 0.8 percent quarter-on-quarter in the third quarter, unrevised from the second estimate published on November 27, the Office for National Statistics said in the latest estimates released on Friday.

However, the statistical agency slightly revised up the GDP figure for the second quarter to show a 0.8 percent expansion compared with the previously reported 0.7 percent growth.

The GDP expanded 1.9 percent year-on-year in the third quarter, the ONS said. This was up from 1.5 percent growth reported in the second estimate.

Delayed data for expenditure, in particular household final consumption expenditure, has led to upward revisions for GDP since the first quarter of 2012, ONS said.

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