The UK economy contracted more than first estimated in the three months to September, according to figures released on Thursday by the Office for National Statistics.
GDP shrank 0.3% in the third quarter, versus an initial estimate of a 0.2% contraction.
ONS director of economic statistics Darren Morgan said: “Our revised figures show the economy performed slightly less well over the last year than we previously estimated, with manufacturing and electricity generation notably weaker.
“Household incomes continued to fall in real terms, albeit at a slower rate than in the previous two quarters, while – taking account of inflation – household spending fell for the first time since the final Covid-19 lockdown in the spring of 2021.”
