The ONS said the particularly cold weather seen at the beginning of the year may have had an impact on the economy, particularly in the retail and industrial sectors, although growth came from the financial and business services sector, which saw growth of 0.6% and manufacturing output grew by 0.7% over the quarter.
Saturday, April 24, 2010
UK growth still sluggish
The UK economy continued to recover from recession in the first three months of 2010 with GDP growing by 0.2% in the 1st quarter according to the the Office for National Statistics (ONS). But this was weaker than the 0.4% growth predicted by many economists. The final quarter of 2009 saw GDP growth of 0.4%, revised up from an initial estimate of 0.1%.
The ONS said the particularly cold weather seen at the beginning of the year may have had an impact on the economy, particularly in the retail and industrial sectors, although growth came from the financial and business services sector, which saw growth of 0.6% and manufacturing output grew by 0.7% over the quarter.
The ONS said the particularly cold weather seen at the beginning of the year may have had an impact on the economy, particularly in the retail and industrial sectors, although growth came from the financial and business services sector, which saw growth of 0.6% and manufacturing output grew by 0.7% over the quarter.
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