Stagnation chokes UK economy as Britain records zero GDP growth in latest quarter | Personal Finance | Finance

The UK economy showed no growth in the third quarter but beat economists’ expectations, according to official figures.

Gross domestic product (GDP) – which measures the value of goods and services produced – also showed no growth in the three months from July to September, the Office for National Statistics said.

It came as the statistics body also reported 0.2 percent growth in the economy for September, amid a boost from the film production, health and education industries.

Analysts had forecast a 0.2 percent drop for the quarter and a flat reading for September.

Darren Morgan, the ONS director of economic statistics, said: “The economy is estimated to have shown no growth in the third quarter.

“There was a slight decline in services with falls in health, management consultancy and commercial property rents.

“These were partially offset by growth in engineering, car sales and machinery leasing.”

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