Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

New data points to weaker UK economic growth
Thursday 09 Mar 2017 Author: Daniel Coatsworth

The latest UK economic data is a bit worrying, to be frank. February’s composite PMI data for the services, construction and manufacturing sectors hit a five-month low of 53.7 and a significant decline from 55.1 a month earlier. PMI data gives an insight into the activity of purchasing managers.

Markit/CIPS, which compiled the data, says indications year to date suggest the UK economy will grow 0.4% in the first quarter of 2017, much lower than the 0.7% expansion seen in the fourth quarter of 2016.

‹ Previous2017-03-09Next ›