GDP grows in third quarter

The UK economy grew by 0.4% in the third quarter, according to latest figures.

Data from the Office for National Statistics shows UK gross domestic product (GDP) grew at a similar rate over the three months to September as it did in the previous two quarters.

Services increased by 0.4%, the same rate as Q2 (April to June) and remains the largest contributor to GDP growth, with a strong performance in computer programming, motor trades and retail trade.

Manufacturing returned to growth after a weak Q2, increasing by 1% during the latest three-month period.

Construction contracted for the second quarter in a row, although the industry still remains well above its pre-downturn peak.

GDP per head was estimated to have increased by 0.3% during Q3.