UK DIY News
GDP growth slowed in Q4 2014
THE rate of growth in the economy slowed in the last quarter of 2014 to 0.5%, the Office for National Statistics said today. Overall growth in 2014 was 2.6%.
The estimated figures for the last three months of 2014 showed a 0.2% decline from the previous quarter.
Overall growth in 2014 was 2.6% - the healthiest performance since 2007.
Joe Grice, chief economist at the ONS said growth while "respectable and solid" appeared to have been pegged back in Q4 by a slowdown in the construction and manufacturing sectors.
The service sector continued to lead the way, and grew 0.8% in the period. Since 2008 the service sector is up 7.9%, compared to falls of 7.9% in construction and 10.6% in production.
Source : Chris Barry - TheBusinessDesk.com (North West)
www.thebusinessdesk.com/northwest/news/717743-gdp-growth-rate-slowed-in-late-2014.html?news_section=4148
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