UK economy expands by most in 2-1/2 years in Q3
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Britain's economy grew at the fastest rate in two-and-a-half years in the third quarter of 2026.
- ✓Gross domestic product expanded by 0.7% as artificial intelligence boosted the services sector.
- ✓ONS chief economist Grant Fitzner said, "The economy grew robustly in the third quarter almost entirely due to strong services sector growth."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
LONDON, Nov 12 (Reuters) - Britain's economy grew at the fastest rate in two-and-a-half years in the third quarter of 2026, helped by a boost from artificial intelligence and extending a strong first-half, official figures showed on Thursday.
Gross domestic product expanded by 0.7% in the July-to-September period, in line with a Reuters poll of economists, but faster than its 0.5% growth in the second quarter of the year and the strongest calendar-quarter growth since the first quarter of 2024, the Office for National Statistics said.
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On a rolling three-month basis, the growth was the fastest since May.
The annual growth rate picked up to 1.9% in the third quarter, the strongest reading since the fourth quarter in 2024, and also in line with the 1.9% median forecast in the Reuters poll.
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