UK Q3 economic growth confirmed at 0.1%, Q2 GDP revised lower

(Sharecast News) - The UK economy grew 0.1% in July to September, in line with the initial estimate, according to figures released by the Office for National Statistics on Monday.

For the second quarter, however, growth was revised down to 0.2% from 0.3%.

ONS director of economic statistics Liz McKeown said: "Today's updated figures paint the same picture as our initial estimate, with growth continuing to slow in the third quarter.

"Growth in services were partially offset by falls in production, with a marked drop in car manufacturing.

"Our latest figures show the household saving ratio, whilst falling in recent periods, remains high by historic standards."