Axar.az
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15 November 2018


UK economy grows at fastest rate since late 2016

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The UK economy grew by 0.6% in the three months to September, with warm weather boosting consumer spending, the Office for National Statistics said.

Axar.az reports citing Foreign media that the figure for the third quarter is in line with predictions from the Bank of England and other forecasters.

However, buoyant growth in July was offset by a slowdown in August and September.

It is the highest quarterly growth figure since the fourth quarter of 2016, when the economy grew 0.7%.

Analysts warned the economy had "little underlying momentum" and growth would decline in the final three months.

The ONS also issued a separate monthly figure for September, which, like the previous month, showed zero growth.

Date
2018.11.09 / 15:08
Author
Axar.az
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