UK economic growth slows to 0.4% in first quarter

The UK’s economic growth slowed in the first quarter of the year, hit by a drop in manufacturing and construction output, official figures have shown.

The UK’s economic growth slowed in the first quarter of the year, hit by a drop in manufacturing and construction output, official figures have shown.

Gross domestic product grew by 0.4% between January and March, down from 0.6% in the fourth quarter, the Office for National Statistics (ONS) said.

On an annual basis, growth was 2.1%.

The 0.4% rate was in line with economists’ expectations, and marks the 13th consecutive quarter of positive growth for the UK.

Part of the slowdown was due to a sharp fall in construction output, which dropped 0.9% in the first quarter. Industrial output, which includes manufacturing, declined by 0.4%.

The service sector, the biggest part of the economy, grew by 0.6%

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Economy