Warnings against optimism as economy grows 0.5% in October

This was a reversion of the 0.6% fall seen in September, a month which was impacted by the additional bank holiday for the Queen's funeral. Looking at the three-month window, gross domestic product (GDP) fell by 0.3% in the three months to October 2022 compared with the three months to July 2022. October's growth was slightly stronger than economists had forecast, having put it at just 0.4%. The main sector contributors were the services sector, which grew by 0.6% after falling by 0.8% in September, the largest driver coming from wholesale and retail trade. The construction sect...