UK GDP final reading downward revised to 2.6 percent

FXStreet (London) - The UK economy expanded by 0.7 percent in the third quarter, according to the final reading of GDP. The economy grew by 2.6 percent in the third quarter compared with 2013, according to data from the Office for National Statistics, revised from an initial reading of 3 percent. The data showed that UK net trade dragged on GDP by 0.2 percentage points.

GDP in current prices was estimated to have increased by 1.3 percent between the second half of 2014 and the third quarter of 2014.