U.K. Economy Slows More Than Estimated as BOE Splits
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The U.K. economy slowed more than initially estimated in the third quarter as the outlook for growth and inflation continued to split policy makers at the Bank of England.
Gross domestic product rose 0.7 percent from the previous three months, the Office for National Statistics said today in London. That compares with an initial estimate of 0.8 percent, which was also the median forecast of 22 economists in a Bloomberg News survey. The revision was due to production, construction and business services. Second-quarter growth was lowered to 1.1 percent from 1.2 percent.