By Joshua Kirby
The U.K. economy slipped into recession in the second half of 2023 as output decreased across sectors in the final months of the year.
Gross domestic product contracted by 0.3% between October and December, Office for National Statistics figures showed Thursday, a sharper decrease than expected by economists polled by The Wall Street Journal. Following a contraction of 0.1% in the previous three-month period, the dip means the country entered recession, defined generally as two successive quarters of falling output.
All main sectors booked lower output, with services declining a little less than industrial production and construction.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
