Building intelligence: Q1 2019

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Uncertainty continued to subdue growth across most sectors, although large infrastructure projects provided a bright spot

01 / Overview

The first Office for National Statistics (ONS) estimate of GDP for Q1 of 2019 showed UK GDP grew by 0.5%, quarter-on-quarter, in real terms in the first quarter of 2019, accelerating from a 0.2% rise in Q4 2018. This represents a 1.8% increase on Q1 2018, compared with a 1.4% annual increase in Q4 2018. Despite the strengthening in the latest data, output is projected to plateau this year at around 1.5% – this appears to be the current norm until the political turmoil surrounding Brexit eases.

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