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By January 26, 2018February 18th, 2021No Comments

UK economic growth accelerated at end of 2017, says think-tank, as manufacturing output surges

In the final quarter of 2017, the UK’s GDP increased by 0.6%, think-tank says

Looking at all the figures for last year, economy estimated to have grown by 1.8%

By JANE DENTON FOR THISISMONEY

PUBLISHED: 15:44, 10 January 2018

Britain’s economy grew at its fastest pace for a year in the closing stages of 2017, the latest figures from think-tank the National Institute of Economic and Social Research suggest.

In the final quarter of last year, the country’s gross domestic product increased by 0.6 per cent, marking the biggest rise since the final months of 2016, the think-tank predicts.

Figures from the Office for National Statistics also revealed that Britain’s factories enjoyed healthy growth in November as the sector notched up its seventh consecutive month of expansion for the first time in 20 years.

Taking all of last year’s figures into account, the NIESR estimates the economy grew by 1.8 per cent in 2017.

Read more: http://www.thisismoney.co.uk/money/news/article-5254681/Britains-GDP-grew-0-6-final-quarter-2017.html#ixzz55I3Bw1aL