UK economic growth rate slowdown

CNC
Added On January 13, 2019

 The British economy growth rate continued its pre-Brexit slowdown from September to November last year. That's according to official figures released on Friday.

 
The rolling three-month GDP growth rate in that period was 0.3 percent, a further decline from the peak seen in the summer.
 
But if you break it down month to month. You'll see a different story in November. Growth in that month was 0.2 percent, higher than that in October, beating economists' expectations. It's mainly attributed to strong pre-Christmas retail sales giving a boost to the country's dominant services sector.
 
Meanwhile, growth in the manufacturing sector continued to follow the downward trend seen in other European economies.
 
Economists point out Brexit uncertainties are not the only one at play, since there is a global slowdown of both services and manufacturing sectors.