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UK industrial output barely rises in the first quarter of 2015

UK economy has slowed down int he first quarter
UK economy has slowed down this year

UK industrial output rose by just 0.1% in February from January hurt by a sharp fall in oil and gas output, according to the latest figures from the Office for National Statistics (ONS). The small increase was below analysts’ forecasts of a 0.3% gain.

Oil and gas production fell sharply. The construction output fell by 0.9% in February, despite forecasts of a 2.0% rise, according to the official figures.

The best growth within the industrial output measure was seen in manufacturing with a rise of 0.4% amid higher car output.

The figures suggest the UK’s economy has slowed down this year after showing a strong growth of 2.8% in 2014.

SASKIA VALLENDAR - Deputy-News-Editor

Recent graduate with a degree in journalism and cultural studies. Her interest lies in business and financial journalism.                                  Twitter: @saskiavallender

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