UK Q3 GDP grows 0.7% as expected, September monthly rise 0.2%

UK GDP expanded 0.7% in Q3, matching consensus, with a 0.2% monthly rise in September, indicating resilience despite high energy prices. The ONS attributes the drag from elevated petrol, diesel, and gas costs to Middle East conflict escalation, but growth still met expectations, supporting the chancellor's fiscal position. Uncertainty remains over Q4 momentum as energy price pressures persist.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works