Preliminary estimates from the UK’s Office for National Statistics show that the UK’s gross domestic product (GDP) rose by 0.7% in the third quarter ending in September, following growth of 0.5% in the second quarter. On a monthly basis, it grew by 0.2% in September, after registering no growth of 0.0% in August, while expectations were for no growth at 0.0%.

The services sector, which accounts for more than 70% of the UK economy, grew by 0.9% in the three months ending in September, compared to a decline of 0.7% in the three months ending in August. Productive output also grew by 0.9% in the three months ending in September.