The UK’s gross domestic product (GDP) may have fallen by 0.1% in the month of October, the Office for National Statistics said on Tuesday, compared with expectations for a 0.1% growth, the second consecutive slowdown after a 0.1% decline in September.
The 0.6% fall in output was the biggest drop in the growth component, driven by declines in manufacturing, mining and quarrying, while the services sector, which accounts for more than 70% of the economy, is expected to show no growth in October.