UK dodges recession with surprise 0.2% September growth

Flat growth for Q3

UK GDP grew 0.2% throughout September, dodging an expected recession as Q3 posted no estimated growth between July and September.

The Office for National Statistics said today (10 November), that September's growth was driven by a 0.2% expansion in services output, largely from professional, scientific and technical activities, as well as human health and social work activities. Meanwhile, the construction sector saw a turnaround, increasing by 0.4% in September 2023 after a fall of 0.8% in August. Andrew Bailey warns of risks to world economy posed by 'fragmentation' Michael Field, Europe market strategist at Morningstar, said: "Manufacturing usually takes the rap for slow economic growth in the UK, and righ...