- Published: Wednesday, 28 October 2015 13:27
- Written by Mark Wilcock
According to the most recent information from the Office for National Statistics (ONS), economic growth for the UK was at a rate of 0.5 per cent for the period from July to September.
The majority of financial analysts had predicted that growth for the quarter would be 0.6 per cent, and the figure also means that growth has declined by 0.2 per cent from the second quarter of the year.
Partly due to economic problems across the world, including the market in China, the fall in growth rate is also due to a major decline in the construction sector, which fell by 2.2 per cent and a 0.3 per cent fall in manufacturing output.