• U.K. gross domestic product rose 0.7% in the third quarter

Market news

24 October 2014

U.K. gross domestic product rose 0.7% in the third quarter

The Office for National Statistics released the gross domestic figures today. The U.K. gross domestic product (GDP) climbed 0.7% in the third quarter, in line with expectations, after a 0.9% rise in the second quarter.

On a yearly basis, the U.K. GDP increased 3.0% in the third quarter, in line with expectations, after a 3.2% rise in the second quarter.

The service sector rose 0.7% in the third quarter, while the production and construction sector increased 0.5% and 0.8%.

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