Business welcomes UK growth figures but 'further action is needed'
29 Jan 2014
Business groups have welcomed the latest figures from the Office for National Statistics (ONS), which reveal that the UK economy grew by 1.9% in 2013, but have warned that further action is needed in order to safeguard economic recovery in the longer term.
The latest ONS figures represent the strongest rate of growth since 2007, although growth in GDP slipped from 0.8% to 0.7% in the final quarter of the year.
There was positive news for the UK services sector, which grew by 0.8% in the fourth quarter, while manufacturing output grew by 0.9%. However, growth in industrial production fell from 0.8% to 0.7%, and construction output fell by 0.3%. Read more here...http://tinyurl.com/o2t92aw