Output declines in all three major sectors were key contributors to a drop in GDP in October The UK economy contracted by 0.3% in October, the first time since July that GDP had shrunk on a month-by-month basis, according to data released by the Office for National Statistics on Wednesday. The drop comes after a gain of 0.2% in September. Services, industrial production, and construction all showed weaker-than-expected results. The three sectors, which combined had declined for the first time in five months, were the major trigger for the drop in GDP due to their size in the economy. In particular, manufacturing a
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