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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

November 12, 2019
UK GDP Q3 2019 (FIRST ESTIMATE)

The Office for National Statistics reported UK Gross Domestic Product grew 1.2 per cent (seasonally adjusted annualized rate) in Q3 2019, according to their first estimate. This follows growth of 2.3 per cent in the first quarter and a decline of 0.9 per cent in the second quarter. Compared to the third quarter of 2018, the UK economy has grown by 1.0 per cent. Growth this quarter reflected positive contributions from private and government consumption and net trade, while gross capital formation subtracted from growth.

By industry, growth this quarter was due to growth in services and construction, while growth in the production sector was flat. Volatility through the first half of 2019 was particularly pronounced in the production industry, reflecting movements in manufacturing. Activity was brought forward in Q1 ahead of the UK's original intended departure from the European Union, followed by a slowdown in Q2 which was exacerbated by partial car plant shutdowns. Manufacturing output was flat in Q3. Mining and quarrying output fell for the fourth consecutive quarter. 

Office for National Statistics



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