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  • Views from the flipside

    UK Economic growth slows to 0.3%

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Views from the flipside

According to figures from the Office for National Statistics, Economic Growth fell to 0.3% in the first quarter of 2015, down from 0.6% in 2014. With the economy being an important policy for many parties this election, the news could have an effect on how voters react next week, which sees polling stations open in only nine days time.

The annual rate of growth slowed to just 2.4% compared to the 2.7% measured in the fourth quarter of 2014.

Economic Growth - Q1 - 2015

Other key areas indicate there is a small level of growth with added decline in others. Services output grew by 0.5%, manufacturing increased by 0.1%, whereas industrial production fell by 0.1%, and agricultural output dropped by 0.2%. The stand-out figure was construction which saw a rapid decrease by 1.6% from the last quarters of 2014.

Source: http://www.ons.gov.uk/ons/rel/gva/gross-domestic-product--preliminary-estimate/q1-2015/sum-gdp-preliminary-estimate--q1-2015.html

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Views from the flipside

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