Sluggish manufacturing drags GDP growth down to 0.3%

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  • Brexit
  • UK politics
  • Economics
  • Investment
The slowdown in the industrial sector was more severe than surveys had suggested The slowdown in the industrial sector was more severe than surveys had suggestedDARREN STAPLES / REUTERS

The economy stalled in the three months to the end of November as manufacturing output slumped to its lowest level in almost two years.

GDP growth in the three months slowed to 0.3 per cent, down from 0.4 per cent in the three months to the end of October, as businesses continue to struggle in the face of Brexit uncertainty.

Growth was led by the construction and services sectors, which rose by 2.1 per cent and 0.3 per cent respectively. The headline figure was dragged down, however, by manufacturing, which shrank by 0.8 per cent in October and suffered its biggest decline since May 2017. The car and pharmaceutical industries both performed poorly.

According to the ONS, GDP growth was flat in September, before rising…

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  • Brexit
  • UK politics
  • Economics
  • Investment