london skyline

United Kingdom GDP October 2018

United Kingdom: The economy loses steam in the three months to October

According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.1% in October over the prior month in seasonally-adjusted terms, up from September’s flat reading. The quarter-on-quarter expansion for the August-October period was 0.4%, matching market expectations and down from 0.6% growth in the July-September period.

Looking at a sector-by-sector picture, the slowdown in August-October came on the back of slower growth in services and construction, and a stagnating manufacturing sector. Services growth was depressed by lower car sales, while manufacturing suffered from a decline in the volatile pharmaceutical industry.

All in all, the monthly GDP data suggests a slowdown in the final quarter of the year, which is also corroborated by recent soft PMI and retail sales figures.

UK GDP Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest