UK economy contracted by 2.9 percent in January

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UK economy contracted by 2.9 percent in January

UK economy contracted by 2.9 percent in January

UK economy contracted by 2.9 percent in January

The UK economy contracted by 2.9 percent in January, after 1.2 percent growth last month.

The UK economy contracted by 2.9 percent in February, below the expected 4.9 percent contraction, according to February gross domestic product data from the UK Office for National Statistics (ONS).

According to the data, in the United Kingdom in January, industrial production decreased by 1.5 percent and 4.9 percent annually, manufacturing production decreased by 2.3 percent and 5.2 percent annually, while the service sector contracted by 3.5 percent, construction output increased by 0.9 percent.

The UK’s imports rose by £ 4.9 billion to £ 114.2 billion in the 3-month period covering January, and exports rose by £ 800 million to £ 76.9 billion.

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