U.K. Economy Loses Momentum as Pace of Growth Revised Lower
- Third-quarter GDP revised to 0.4% growth from previous 0.5%
- Data may add to case for BOE to keep rates at record low
Cutting to the Core: Inflation's Role in BOE Policy
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The U.K. economy expanded less than previously estimated in the past two quarters in a sign growth is losing some momentum.
Gross domestic product rose 0.4 percent between July and September instead of the 0.5 percent previously estimated, the Office for National Statistics in London said on Wednesday. Growth in the second quarter was revised down by 0.2 percentage points to 0.5 percent.