UK Q3 GDP falls further 0.4%, performance down in all sectors

23 October 2009 10:40  [Source: ICIS news]

LONDON (ICIS news)--The UK’s GDP contracted a further 0.4% in the third quarter of 2009, compared with a decrease of 0.6% in the second quarter, due to poor performances in all industry sectors, the Office for National Statistics (ONS) said on Friday.

Total production output declined 0.7% between July and September, a bigger drop than the fall of 0.5% in the previous quarter.

Mining and quarrying was the largest contributor to the decline, falling by 3.5%, while construction output decreased by 1.1%, compared with a decrease of 0.8% in the previous quarter, the ONS said.

Figures also showed that overall manufacturing output fell by 0.2%, with electricity, gas and water supply falling by 0.6%.

Having contracted 5.2% in the first nine months of this year compared with the same period last year, the UK's economy was still in recession, unlike Germany and France, which recorded positive second-quarter GDP growth, according to official EU figures released in August.

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By: Franco Capaldo
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