Published and promoted by Paul Mercer, 58A Wards End, Loughborough LE11 3HB This site only uses cookies in order to collect anonymous usage data for Google Analytics and StatCounter. By using this site we assume that you are happy to receive cookies.
UK economy continues to grow The UK economy continues to steadily grow, with the latest growth figures from the official Office of National Statistics (ONS) showing GDP growth of 0.4% in the three months to October. This is a solid showing for the first set of growth data not to include July’s hot weather and World Cup-fuelled boost. Commenting on GDP figures for the three months to October, Head of National Accounts Rob Kent-Smith said: “GDP growth slowed going into the autumn after a strong summer, with a softening in services sector growth mainly due to a fall in car sales. This was offset by a strong showing from IT and accountancy. Manufacturing saw no growth at all in the latest three months, mainly due to a decline in the often-erratic pharmaceutical industry. Construction, while slowing slightly, continued its recent solid performance with growth in housebuilding and infrastructure.” Rolling three-month growth in the services sector was 0.3% in October 2018, contributing 0.23 percentage points to GDP growth. The production and construction sectors also had positive contributions, with rolling three-month growths of 0.3% and 1.2%, respectively. “The Government success in ensuring that the UK has a strong and vibrant economy is not only apparent at a national level but also locally in Loughborough”, commented Southfields councillor Paul Mercer. “As we talk to residents on the doorstep they rarely mention any concern about national issues – except the occasional remark about Brexit – and seem focused instead on dealing with the kind of local issues that Ted and myself are continually addressing in the ward”. ,
Published and promoted by Paul Mercer, 58A Wards End, Loughborough LE11 3HB
This site only uses cookies in order to collect anonymous usage data for Google Analytics and StatCounter. By using this site we assume that you are happy to receive cookies.
UK economy continues to grow The UK economy continues to steadily grow, with the latest growth figures from the official Office of National Statistics (ONS) showing GDP growth of 0.4% in the three months to October. This is a solid showing for the first set of growth data not to include July’s hot weather and World Cup-fuelled boost. Commenting on GDP figures for the three months to October, Head of National Accounts Rob Kent- Smith said: “GDP growth slowed going into the autumn after a strong summer, with a softening in services sector growth mainly due to a fall in car sales. This was offset by a strong showing from IT and accountancy. Manufacturing saw no growth at all in the latest three months, mainly due to a decline in the often-erratic pharmaceutical industry. Construction, while slowing slightly, continued its recent solid performance with growth in housebuilding and infrastructure.” Rolling three-month growth in the services sector was 0.3% in October 2018, contributing 0.23 percentage points to GDP growth. The production and construction sectors also had positive contributions, with rolling three-month growths of 0.3% and 1.2%, respectively. “The Government success in ensuring that the UK has a strong and vibrant economy is not only apparent at a national level but also locally in Loughborough”, commented Southfields councillor Paul Mercer. “As we talk to residents on the doorstep they rarely mention any concern about national issues – except the occasional remark about Brexit – and seem focused instead on dealing with the kind of local issues that Ted and myself are continually addressing in the ward”. ,