Britain's economy slows as trade hit by global decline

Now Reading:

Britain's economy slows as trade hit by global decline

Text size Aa Aa

Britain’s economy slowed in the three months to September as trade held back growth, a victim of the global decline.

The latest figures from the Office for National Statistics show the economy grew 0.5 percent in the third quarter, compared to 0.7 percent between April and June.

The figures mark eleven consecutive quarters of positive growth.

Manufacturing was slightly down, but it was offset by a rise in sectors like retail, and computer programming and consulting related activities.

Growth was 2.3 percent higher than a year ago, 0.1 percent down on the previous quarter.

It shows the economy has slowed from last year’s rapid growth which outpaced other major economies.

As British exporters struggled, imports saw their biggest growth in 10 years.

The slowdown in the UK’s recovery reflects the global situation led by emerging markets such as China.