UK recovery slows in Q3 following labour shortages - ONS

GDP came in at 1.3%, despite economic pick-up in September

clock • 1 min read
UK recovery slowed in Q3

UK recovery slowed in Q3

UK GDP data slowed sharply to 1.3% for the third quarter of the year, far weaker than Q2 figures of 5.5%, driven by material and labour shortages in manufacturing and construction.

Despite the slowdown for the third quarter overall, the economy grew 0.6% in September after shrinking in July, ONS data has shown. The latest data leaves the UK more than 2.1% below its pre-crisis...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Economics / Markets

S&P 500 and Nasdaq slipped by 0.9% and 1.8% respectively

Markets braced for volatility as growth slowdown looms

Rough few days

clock 17 November 2021 • 3 min read
Sterling rose against the euro to its strongest level since February 2020

Bank of England 'showdown' on inflation imminent

Inflation rises to 4.2% in October

Georgie Lee
clock 17 November 2021 • 3 min read
Core CPI inflation reached 3.4%, up from 2.9% in September, with CPIH inflation rising to 3.8% from 2.9%.

UK inflation reaches highest level in a decade at 4.2%

Overshot market expectation of 3.9%

clock 17 November 2021 • 2 min read