Building on NatWest’s chief economist insights, the commentary highlights a quarter marked by subdued momentum but selective strength.
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Q3 activity softened amid manufacturing disruptions, weak retail volumes and a cooling labour market, though discretionary spending and tech-linked investment provided support.
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Regional data point to uneven performance: London leads expansion while Northern Ireland stands out on hiring resilience.
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Housing demand, trade balances and consumer sentiment remain under pressure ahead of the Autumn Budget, reinforcing expectations for near-term BoE easing.
For a fuller view of the UK’s patchy outlook and its policy implications, the complete report provides deeper context.
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