While services sector continued to underpin the UK economy, a slump in manufacturing and construction saw the UK's economy only growing at a pace of 0.40% in the first three months of the year. This comes following the final quarter of 2015, which showed the UK's economy expanding at a pace of 0.60%. The slow pace of growth was marked by a 0.60% increase in the services sector while production fell 0.40%, construction output fell 0.90% and agriculture slipped by 0.10%. The UK's GDP was 2.10% higher in the first quarter compared with the same period a year ago. “Brexit” still remains a big concern in the UK and that has led to slower investments in the economy. Preliminary data for the second quarter also shows that it is starting off on a weak note.
BoJ Surprises, Leaving Monetary Policy Unchanged
Analisi Giornaliera - 28/04/2016