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UK economic growth hits six-month low

by LLB Reporter January 11, 2019

written by LLB Reporter 11^th Jan 19 11:05 am

UK economy cooled in the three months to November, expanding at its weakest pace in six months, official data showed on Friday.

GDP in the three months to November was 0.3 per cent higher than in the previous three-month period, down from growth of 0.4 percent in the three months to October and matching the consensus of a Reuters poll of economists.

Rob Kent-Smith, head of national accounts at the ONS, said: “Growth in the UK economy continued to slow in the three months to November after performing more strongly through the middle of the year.

“Accountancy and house building again grew but a number of other areas were sluggish.

“Manufacturing saw a steep decline, with car production and the often-erratic pharmaceutical industry both performing poorly.”

Manufacturers suffered their longest period of monthly falls in output since the financial crisis, hurt by weaker overseas demand, the Office for National Statistics added.