U.K. Economy May Have Had Its Weakest Quarter in a Year: ChartBy
The U.K. economy’s powerhouse performance since the Brexit vote may be starting to lose momentum. The composite Purchasing Managers’ Index has slipped in recent months and faster inflation is taking a toll on consumers, with retail sales posting their biggest decline in seven years in the first quarter. Economists surveyed by Bloomberg expect a statistics office report Friday to show growth slowed to 0.4 percent from 0.7 percent in the final three months of 2016.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.