UK Economy Grows at Faster Rate ... Jaguar shuts down as sales slump ...
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The Saturday EconomistThe UK economy expanded at a slightly faster rate in the three months to August. Growth was 1.5%, up from 1.2% in the first quarter of the year, according to the latest ONS monthly tracker,. Construction output was flat. Manufacturing output was up by 1.3%. Service sector growth increased by a modest 1.6%.
For the year as a whole, we expect the economy to expand by 1.4% or 1.5% at best in the absence of any major data reviews. This week, Jaguar Land Rover announced a two week shut down following a sales slump in the UK and overseas markets. Check out the update here ... |
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