UK Economy Still Not Growing in Real Terms

Latest figures published today for the UK by the Office for National Statistics, show a decline in GDP for Q3 of 0.3%. This is an upward revision on the first estimate of a month ago, but not enough to take the UK out of a technical recession. At current prices and with a small amount of inflation in the system, GDP grew by 0.1%.

Looking more deeply into the results, we see strong variations in activity.