Skip to Content

UK economy shrinks 0.3% in three months through October

LONDON (AP) — Britain’s economy shrank in the three months through October, confirming the toll rampant inflation and rising interest rates are having on business and industry. The Office for National Statistics said Monday that gross domestic product, the broadest measure of economic activity, fell by 0.3% in the period when compared with the three months through July. The decline came even as monthly estimates showed GDP increased by 0.5% in October after a 0.6% drop in September, when economic activity was artificially reduced by an extra public holiday to mark the death of Queen Elizabeth II.

Article Topic Follows: AP National News

Jump to comments ↓



ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content