Article 48WDW Manufacturing slump puts UK economy into reverse as Brexit looms

Manufacturing slump puts UK economy into reverse as Brexit looms

by
Richard Partington Economics correspondent
from on (#48WDW)

GDP contracts by 0.4% in December in weakest year for growth since 2012

The British economy plunged into reverse in December, with a broad-based slump in economic output completing the weakest year for growth since 2012.

The Office for National Statistics said gross domestic product contracted by 0.4% from the previous month, fuelled by a fall in spending on the high street over the key festive shopping period.

Related: Britain's Brexit slump will be quietly cheered in some quarters | Larry Elliott

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments