UK economy grows less than expected in Q3; pound weakens
Posted on October 27, 2015 at 11:30 am GMTThe UK economy cooled in the third quarter of the year as a slump in construction output proved a drag. GDP expanded by an estimated 0.5% between the second and third quarters, preliminary figures showed today. This was below consensus forecasts of 0.6% growth and compares with a robust 0.7% growth in the previous quarter. The year-on-year rate also slowed, coming in at 2.3% from 2.4% in the previous quarter. The services sector, which accounts for just under 79% of [..]