UK real GDP down 0.1% MoM, up 1.3% YoY in Oct 2024: ONS

Real GDP is estimated to have grown by 0.1 per cent quarter on quarter (QoQ) in the three months to October 2024.

GDP is estimated to have increased by 1.1 per cent year on year (YoY) in the three months to October, and rose by 1.3 per cent YoY in October.

Production output fell by 0.6 per cent in October due to falls in manufacturing, and mining and quarrying output, following a fall of 0.5 per cent in September. Production output fell by 0.3 per cent QoQ in the three months to October 2024, an ONS release said.

Manufacturing output decreased in seven of the 13 sub-sectors in October this year.

ALCHEMPro News Desk (DS)