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UK Economy continues to grow

 

The UK economy grew by 0.5 percent between July and September, according to the Office for National Statistics (ONS).

Although continuing to grow, the rate was slower than the previous quarter. The growth rate was also lower than predicted.

In the second quarter of the year, the economy has grown by 0.7 percent in total, although the output in the manufacturing sector declined by 0.3 percent.

According to the BBC Chris Williamson, chief economist at research firm Markit said: “The slowdown is being led by the manufacturing sector, which is seeing a renewed recession as output has now fallen for three consecutive quarters, suffering a 0.3 percent decline in the three months to September,”.

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