Posted by AdviserDirect on 05/14/2019

UK economy rebounds in first quarter

UK economy rebounds in first quarter

The UK economy picked up in the first three months of the year after manufacturers' stockpiling ahead of Brexit helped to boost growth.

Growth was 0.5% in the quarter, up from 0.2% in the previous three months, the Office for National Statistics said.

The manufacturing sector grew at its fastest rate since 1988 in the period.

The ONS said this was driven by manufacturers rushing to deliver orders before the original Brexit deadline of 29 March.

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