World

Britain's economy contracts 0.1 pct in August-October period: statistics

Dec 13, 2025

London [UK], December 13: Britain's economy shrank during the period of August-October 2025, with the real gross domestic product (GDP) edging down 0.1 percent compared with the three months to July, estimates from the Office for National Statistics (ONS) showed Friday.
The 0.1-percent fall in the three months to October was the first three-month fall in real GDP since December 2023, according to the ONS.
Specifically, two of the three main economic sectors recorded contractions in the August-October period, with production output falling by 0.5 percent and construction output dropping by 0.3 percent. The services sector stalled in the three months to October, the data showed.
"There's little festive cheer for businesses in the latest GDP data, as the economy unexpectedly shrank in both the three-month period and October itself," Stuart Morrison, research manager at the British Chambers of Commerce, said.
He also said the data paints a particularly worrying picture on the services sector, which is usually a real strength of the UK economy. "Firms are left waiting for an unlikely Christmas miracle on growth," he added.
Source: Xinhua News Agency

More news

Infosys: Differentiated AI strategy and a sharp focus on value unlock propels 29% sequential growth in AI revenues

Bengaluru (Karnataka) [India], October 23: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in AI-first business consulting and technology services, delivered $5,145 million in Q2 revenues, year on year growth of 1.5% and sequential growth of 1.2% in constant currency. Operating margin was stable at 21.0%. EPS growth was 8.7% year on year in rupee terms. TCV of large deal wins was $5.2 billion, with 62% net new. Robust Q2 large deal TCV at $5.2 billion with 62% net new; lays solid foundation for future growth. FY 27 revenue guidance revised to 1%-2% and margin guidance retained at 20%-22%.

Oct 23, 2026