UK economy grows by 0.6%

The UK economy grew 0.6% from October to December, maintaining the rate of growth of the previous quarter. The figures, from the Office for National Statistics (ONS), show that a feared slowdown in the UK economy as a result of Brexit has not shown up in official data. For 2016 as whole, the economy grew by 2%, down from 2.2% in 2015. “Strong consumer spending supported the expansion of the dominant services sector,” the ONS said. “Although manufacturing bounced back from a weaker third quarter – both it and construction remained broadly unchanged over the year as a whole.”

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