UK economic growth slows to 0.4%

The UK’s economic growth slowed in the first quarter of the year, 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.

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

However, output in production declined by 0.4%.

The Bank of England warned earlier this month that uncertainty due to the EU referendum could hurt growth in the first half of this year.

This is the first estimate of economic growth for the period, using less than half the data that will be used for the final estimate.

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UK economic growth slows to 0.4%
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