The UK’s economic recovery slowed down by more than previously estimated between July and September, according to revised figures.
The data from the Office for National Statistics (ONS) pre-dates the emergence of the Omicron variant of Covid-19, which is expected to result in a further setback.
Gross domestic product (GDP) is now believed to have risen by 1.1% in the third quarter, down from an earlier estimate of 1.3%.
However, the data revisions also show that the economy is closer to pre-pandemic levels than first estimated.
Last year’s economic slump has now been estimated at 9.4% — still the biggest decline in 99 years but smaller than the previously estimated 9.7%.
This means that by the end of September the economy was 1.5% smaller than at the end of 2019, rather than 2.1%.
Elsewhere, the report showed that with the economy opening back up in the third quarter, households increased spending on restaurants & hotels, transport and recreation & culture. Despite this increase, household saving was still up on pre-pandemic levels.
The third quarter figures also show a decrease of 8.8% in goods exports and a 2.5% contraction in business investment.