Preliminary 2017 Q3 UK GDP data

Commenting on the figures, Danske Bank Economist Conor Lambe said:

"Quarterly economic growth was estimated to have picked up slightly from 0.3 per cent in the first two quarters of the year, to 0.4 per cent in the third quarter.

"Both the services sector and the manufacturing sector experienced a rise in output, but the construction sector contracted for the second quarter in succession.

"Despite the slight uptick, real GDP growth in the UK remains a bit below its historic average as the economy continues to feel the effects of a squeeze on consumers and heightened uncertainty levels due to Brexit. Both of these factors are expected to continue weighing down on growth over the rest of this year and into 2018."

This comment was published in response to the preliminary UK GDP data released by the ONS on 25th October 2017.​​​

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