UK's economic growth eased more than initially estimated in the third quarter driven by downward revisions to services and production, data from the Office for National Statistics showed on Wednesday.
Gross domestic product grew 1.1 percent sequentially, instead of 1.3 percent estimated on November 11. This follows a revised increase of 5.4 percent in the second quarter.
The level of GDP was 1.5 percent below where it was pre-coronavirus at the fourth quarter of 2019, down from the prior estimate of 2.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.