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UK industry on track to have boosted economy in fourth quarter of 2017

Britain's economy grew at a quarterly rate of 0.4% in the three months to September

Reuters  |  London 

British industrial output looks set to make a strong contribution to economic growth in the final months of 2017 but construction is likely to drag, official data showed on Wednesday. Economic growth slowed in the first nine months of 2017 as higher inflation caused by the fall in sterling after the Brexit vote hurt consumers, although exporters have gained from the weaker pound and the stronger euro zone economy. Germany reported rapid growth in industrial output on Tuesday and stronger exports and its economy is forecast to grow faster than Britain's in 2017 and this ...

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First Published: Wed, January 10 2018. 17:09 IST