GDP rises in line with forecasts

THE economy grew 0.7% in the three months to September, official GDP
figures reveal.

The data for the third quarter was in line with City expectations, but showed a 0.2% fall from the 0.9% reported for the second quarter.

The Office for National Statistics said gross domestic product increased in all four main industrial groupings within the economy.

In order of their contribution, output increased by 0.7% in services, 0.5% in production, 0.8% in construction and 0.3% in agriculture.

While output slowed on a quarterly basis, GDP was 3% higher in Q3 2014
compared with the same quarter a year ago.