UK manufacturing in recession despite faster GDP growth
Warmer weather helps British economy grow by 0.4% but factory orders drop again as trade deficit widens
Warmer weather helped the British economy grow at a faster pace in the three months to the end of June, despite official figures revealing the manufacturing sector slumped into recession for the first time since the Brexit vote.
The Office for National Statistics said GDP increased by 0.4% in the second quarter from a rate of 0.2% in the previous three months, helped by stronger retail sales and good weather enabling the construction industry to make-up lost ground from the heavy snow earlier this year.
Gross domestic product (GDP) is a key government statistic and provides a measure of the UK’s total economic activity.
Link to article: www.theguardian.com/business/2018/aug/10/british-manufacturing-in-recession-despite-faster-uk-gdp-growth
-
Netherlands loses AAA rating with S&P, but Cyprus is upgraded – business live
-
Australian stock market hits six-year high as lower inflation eases rate fears
-
Supreme court: Employers do not have to fill pockets while checking them
-
Forward guidance won’t move the election date, Mr Osborne
-
Who pays the price for our cheap goods? | Observer editorial
Leave a Reply