The UK economic system has been in stop-start mode all yr, with development punctuated by the assorted Brexit deadlines. Certainly, the pick-up within the third quarter numbers might barely exaggerate the energy within the economic system, with some exercise more likely to have been introduced ahead earlier than October 31st. The ultimate quarter of 2019 might be weaker as stockpiles proceed to be run down.
“Whereas excessive employment has supplied some assist for the economic system, underlying weaknesses in funding and productiveness nonetheless want addressing. With uncertainty more likely to persist and a continued slowdown in international markets, the onus is on the brand new authorities to stimulate financial exercise and transfer the UK past its present yo-yo sample of development.”