UK economy shrinks in third quarter to become weakest G7 performer

Mark Battersby
clock • 2 min read

The UK economy shrank 0.2% in the third quarter and 0.6% in September, making it the weakest performer in the G7 although  Japan has yet to report. One notable contributor was the Bank holiday to mark the Queen's funeral which contributed to the fall in economic output.  The country's services sector was flat, while all 13 manufacturing subsectors recorded falls in output. The construction sector continues to show modest growth, although the outlook is less positive. Nicholas Hyett, equity analyst, Wealth Club, said: "Were it not for the disruption caused by the Queen's funeral ...

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