# Quarterly economic commentary - Office for National Statistics

> The Office for National Statistics estimates UK real GDP grew 0.6% in July to September 2018, with 2017 growth revised up to 1.8%. The current account deficit widened to 4.9%, and regular pay growth reached 3.3%, the fastest since 2008. CPI eased to 2.3% in November, largely due to lower petrol prices.

- Date: 2018-12-21 · published 2018-12-21T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/61817-quarterly-economic-commentary-office-for-national-statistics
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Strong UK wage growth and a widening current account deficit shape sterling and the Bank of England's rate path. Those factors influence UK import costs for feed ingredients.

## Sources

- ons.gov.uk: https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/articles/quarterlyeconomiccommentary/julytoseptember2018

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.