UK economic growth slows amid pressure on business and Trump trade war
UK economic growth slowed to 0.3% between April and June, according to the Office for National Statistics.
The figure was stronger than the 0.1% level widely expected by economists after an uptick in activity in June and revised data for earlier in the quarter.
The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.3% for the quarter, after 0.7% growth in the first three months of the year.
It came after the economy grew by 0.4% in June.
ONS director of economic statistics Liz McKeown said: “Growth slowed in the second quarter after a strong start to the year.
“The economy was weak across April and May, with some activity having been brought forward to February and March ahead of stamp duty and tariff changes, but then recovered strongly in June.
“Across the second quarter as a whole, growth was led by services, with computer programming, health and vehicle leasing growing.”
More follows…
For more: Elrisala website and for social networking, you can follow us on Facebook