The Office for National Statistics reports that the pattern of “slowing growth” continued in the last three months, as consumer-facing industries suffered a slowdown.
Britain’s building sector actually shrank during the quarter, while the dominant services sector grew by 0.3%. Importantly, the data also shows that business investment shrank in January-March 2018. That may be a sign that firms are reluctant to spend on new offices, factories and equipment while Brexit remains so uncertain.