Rolling coverage of the latest economic and financial news
Today’s GDP report shows that the UK economy only grew by 0.1% over the last quarter, despite the pacier 0.3% growth in November alone.
ONS director of economic statistics, Liz McKeown says:
“The economy grew slightly in the latest three months, led by growth in the services sector, which performed better in November following a weak October.
“This was partially offset by a fall in manufacturing, where three-monthly growth was still affected by the cyber incident that impacted car production earlier in the Autumn. However, data for the latest month show that this industry has now largely recovered.
“Construction contracted again, registering its largest three-monthly fall in nearly three years.”
Continue reading…Rolling coverage of the latest economic and financial newsToday’s GDP report shows that the UK economy only grew by 0.1% over the last quarter, despite the pacier 0.3% growth in November alone.ONS director of economic statistics, Liz McKeown says: “The economy grew slightly in the latest three months, led by growth in the services sector, which performed better in November following a weak October.
“This was partially offset by a fall in manufacturing, where three-monthly growth was still affected by the cyber incident that impacted car production earlier in the Autumn. However, data for the latest month show that this industry has now largely recovered.
“Construction contracted again, registering its largest three-monthly fall in nearly three years.” Continue reading…
