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UK economic growth slows amid declines in manufacturing

April 11, 2022   The Canadian Press

LONDON (AP) – Britain’s economic growth slowed in February amid declines in the production of cars, computers and chemicals.

Gross domestic product increased just 0.1% from a month earlier, down from the 0.8% growth reported in January, the Office for National Statistics said Monday.

The output of productive industries, including manufacturing, mining and power generation, dropped 0.6% in the month. Construction fell 0.1%. Those declines largely offset an increase in service industries, driven by an 8.6% jump in accommodation and food services.

Monthly GDP is now 1.5% above pre-pandemic levels, the ONS said. While services output is 2.1% higher than in February 2020. Construction is up 1.1%, while manufacturing and production are 1.9% below pre-pandemic levels.

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Service industries account for about 80% of the U.K.’s economic output.


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