GDP quarterly national accounts, UK: July to September 2020

UK gross domestic product (GDP) is estimated to have increased by a record 16.0% in Quarter 3 (July to Sept) 2020, revised from the first estimate of 15.5% growth. Though this reflects some recovery of activity following the record contraction in Quarter 2 (Apr to June) 2020, the level of GDP in the UK is still 8.6% below where it was at the end of 2019, revised from an initial estimate of 9.7%. Compared with the same quarter a year ago, the UK economy fell by a revised 8.6%. While output in the services, production and construction sectors increased by record amounts in Quarter 3 2020, the level of output remains … (full story)

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