UK ECONOMY SHRINKS FOR SECOND MONTH, CONTRACTING 0.1% IN OCTOBER

UK ECONOMY SHRINKS FOR SECOND MONTH, CONTRACTING 0.1% IN OCTOBER
UK ECONOMY SHRINKS FOR SECOND MONTH, CONTRACTING 0.1% IN OCTOBER

UK ECONOMY SHRINKS FOR SECOND MONTH, CONTRACTING 0.1% IN OCTOBER

The U.K. economy shrank by 0.1% in October, surprising experts who expected growth.

This data comes from the Office for National Statistics (ONS).

The decline was mainly due to lower production output.

This is the second month in a row of economic contraction; GDP also fell by 0.1% in September.