Economy out of recession

The economy grew by 1% between July and September, meaning that the economy is out of its double-dip recession. But there are concerns from economists that the recovery is "fragile."

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Growth driven by services and production sectors

The economic growth between July and September was driven by positive results from the services and production sectors, according to figures from the ONS.

Both grew after disappointing results in the second quarter.

  • Services grew by 1.3%, following a 0.1% drop in the previous quarter
  • Industrial production increased by 1.1%, following a 0.7% decline in the previous quarter.
  • Construction remains under pressure, shrinking by 2.5% in the third quarter, or 10.8% in the year to September.
  • Agriculture maintained its downward trend, shrinking by 2.2%.

Source: Office for National Statistics (ONS)

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