Q3 growth doesn't dispel UK recession fears - euronews

http://www.euronews.net/ Britain appears to be teetering on the brink of recession, despite stronger-than-expected GDP growth in the third quarter.

It was up 0.5 percent from the previous three months with business services and finance posting increases.

However economists see most of the growth as a rebound from a weak second quarter and a survey of purchasing managers (PMI) showed a sharp fall in manufacturing activity in October.

Factory output declined by its sharpest monthly rate since June 2009 when Britain was still in recession.