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.
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 ?xml:namespace>
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