UK economy grows 1.1% year-on-year in October, below estimates
On monthly basis, British GDP falls 0.1% in October, missing expectations
- Industrial production grows 1.1% on monthly basis in October
ISTANBUL
The British economy grew 1.1% in October, according to official data released on Friday.
The figure came below the market expectations of 1.4% growth for the month, following a 1.1% expansion in September, the Office for National Statistics (ONS) data showed.
On a monthly basis, the British gross domestic product (GDP) contracted 0.1%, despite expectations of a 0.1% growth.
Production output grew by 1.1% on a monthly basis in October.
Meanwhile, construction output fell by 0.6%, and services output was down 0.3% in October.
"Real gross domestic product (GDP) fell by 0.1%, following growth of 0.1% in the three months to September 2025 and 0.2% in the three months to August 2025," the ONS said in a statement.
In the three months to October, services output posted no change, while construction output fell 0.3%.
Production output also fell 0.5% in the three months to October.
Industrial production rebounds
Meanwhile, the British industrial production was back to growth in October, rising 1.1% on a monthly basis.
The figure followed a 2% decline in September, and exceeded the market estimates.
The largest upward contributors to the monthly rise came from the mining and quarrying (up 4.3%), electricity and gas (up 2.1%), and manufacturing (up 0.5%).
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