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United Kingdom: 1st GDP reading shows an increase of 1.3% in the 3rd quarter compared to the previous one

The Gross Domestic Product (GDP) of the United Kingdom grew 1.3% in the third quarter compared to the previous one, informed this Thursday (11) the National Bureau of Statistics (ONS), in the first reading of the data.

Analysts heard by Wall Street Journal they predicted a slightly greater advance, of 1.5%. In the annual comparison, the country’s GDP increased by 6.8% in the third quarter, as expected.

The ONS says the result comes “amidst the continued weakening of restrictions by the coronavirus (covid-19)”. The hospitality, arts and recreation and health sectors pulled the result, precisely due to the economic reopening, points out the agency. The ONS also says, however, that the data brings more uncertainty than usual, given the difficulties in preparing it in the current context.

Industrial production

The industrial production of the United Kingdom registered a fall of 0.4% in September compared to August, informed the ONS. Analysts heard by Wall Street Journal predicted an increase of 0.1%. In the annual comparison, the production of the local industry increased 2.9%, compared to an expected growth of 3.1%.

The ONS also informed that the industrial production of August was revised, to an advance of 1.0% compared to the previous month and of 4.0% in the annual comparison, from increases of 0.8% and 3.7% previously calculated.

Reference: CNN Brasil

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