The UK economy expanded 1.3% year-on-year in Q3 2025, slightly down from 1.4% in Q2, confirming preliminary estimates. This marks the slowest annual growth in a year, as household consumption slowed to 0.7% (vs 1% in Q2) and government spending eased to 1.6% (vs 1.9%). Gross fixed capital formation also grew more slowly, rising 2.9% versus 3.3% in Q2, with business investment up 2.7% from 3.2% previously. Net trade weighed on growth, with imports surging 5% (vs 2%) and exports rising 2.7% (vs 2.3%). On the production side, services growth eased slightly to 1.4% (vs 1.5%), production fell 0.2% (vs a 0.2% decline in Q2), while construction growth picked up to 2.2% (vs 2%).