Uk Economy Shrinks Unexpectedly In October

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uk economy shrinks unexpectedly in october

Britain's economy unexpectedly shrank in October, official figures revealed on Friday, dealing a setback to the Labour government's efforts to stimulate growth.

The Office for National Statistics reported that gross domestic product fell by 0.1 per cent in October, following a similar contraction in September, while economists had predicted modest growth of 0.1 per cent.

Manufacturing activity improved during the month, aided by Jaguar Land Rover resuming production after a cyberattack had disrupted operations in September.

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