On the expenditure side, household expenditure went up 1 percent, easing from a 1.4 percent increase in Q2 2017; and gross fixed capital formation went up 2.4 percent , slower than 3.3 percent, as business investment growth eased to 1.7 percent (2.5 percent in Q2). Also, government spending grew by 0.3 percent, after a 0.6 percent gain in the previous period.
Exports jumped 8.3 percent, following a 5.5 percent gain in Q2; while imports rose at a slower 1.3 percent, after increasing by 3.8 percent the previous period. As a result, the trade deficit narrowed to £7.8 billion from £16.8 billion in Q3 2016.
On the production side, the service industries expanded 1.4 percent (1.8 percent in Q2) as output rose for: Distribution, hotels and restaurants (2 percent from 2.7 percent Q2); transport storage and communications (1.8 percent from 4.6 percent); business services and finance (1.6 percent from 1.5 percent); and government and other services (0.4 percent, the same as in Q2). Industrial production grew 2.4 percent (0.6 percent in Q2), as output rose for: manufacturing (3.3 percent from 1.4 percent); electricity, gas, steam and air conditioning supply (0.6 percent from -5 percent); and water supply, sewerage, waste management and remediation activities (2 percent from 2.8 percent). Meanwhile, mining and quarrying output contracted (-2.1 percent from 0.2 percent). Construction expansion slowed to 4.8 percent from 6.6 percent in Q2.