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U.K. October GDP Disappoints as Supply Chains, Rising Costs Hit Construction, Cars -Breaking

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© Reuters.

By Catherine Reynolds

Investing.com — The British financial system grew by lower than anticipated in October, as provide chain points and sharply rising enter prices hit key sectors equivalent to automotive retail and development.

rose solely 0.1% in October, under a consensus forecast of 0.4% and down from 0.6% in September. The development sector contracted significantly sharply, by 1.8%, the biggest fall since April 2020.

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