(ONS) UK gross domestic product expanded by 0.1% in October, missing expected 0.4% growth with headwinds in construction and industrial production. GDP had grown by 0.6% in September.
Industrial output fell by 0.6% in October, with declines in electricity, gas, mining, and quarrying. Construction was down by 1.8%.
Services output expanded by 0.4%, with human health activities growing the most at 3.5%. The output reached its pre-pandemic level.
Consumer-facing services output was up 0.3% in October, driven by 8.1% jump in wholesale and retail trade. The output is now 5.2% below the pre-pandemic level.
In the three months to October, UK GDP grew by 0.9%. The economy is now 0.5% below the pre-pandemic level.
FTSE 100 is down -0.12%, GBPUSD is down -0.15%.
