(CercleFinance.com) – UK GDP is expected to have contracted by 0.2% in the third quarter of 2022, according to the first estimate of the national statistics office, with a fall of 0.6% on the only month of September because of the funeral of Elizabeth II.
The ONS says services production stagnated in the quarter, due to a decline in consumer services, while industrial production fell 1.5% and construction rose 0.6%. %.
“Compared to the same quarter of the previous year, the implicit deflator of GDP increased by 5.8%, mainly due to higher cost pressures faced by households,” he notes.
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