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U.K. Economy Barely Grew in October as Shortages Hit Builders

  • Construction declines from September and manufacturing stalled
  • Outlook for end of quarter bleaker with new Covid restrictions
Residential Construction Ahead Of Latest Output Figures
Photographer: Chris Ratcliffe/Bloomberg
Updated on

The U.K. economy grew less than forecast in October as shortages of materials hit manufacturing and construction, and a further loss of momentum now seems inevitable with consumers facing fresh restrictions to contain the new strain of Covid-19.

Gross domestic product grew 0.1%, compared with 0.6% in September, the Office for National Statistics said Friday. Growth of 0.4% was forecast in a Bloomberg survey of economists. It left output 0.5% lower than in February 2020, before the pandemic struck.