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Birmingham Post
Birmingham Post
Business
Debora Aru & David Laister

Economic activity shrank in Q1 in Yorkshire and Humber

Yorkshire and the Humber's economy shrank during the first quarter of 2019, new figures show.

Data from the Office for National Statistics (ONS) revealed that, in the three months to March 2019, Gross Domestic Product (GDP) in Yorkshire and the Humber dropped by 0.2 per cent.

That follows a positive growth of 0.5 per cent in the last quarter of 2018.

The economic dip has been driven by falling output in education and energy industry, professional, scientific and technical activities and administrative and support service activities.

Education saw output fall by 2.7 per cent, while the energy industry industry was down by 7.9 per cent.

The professional, scientific and technical activities industry fell by 2.5 per cent while administrative and support service activities fell by 3.0 per cent.

There was better news for the finance and mining and quarrying industries, which grew by 14.9 per cent and 3.6 per cent respectively.

Across the UK as a whole, GDP grew by 0.6 per cent between the last quarter of 2018 and the first quarter of 2019.

That follows quarter-on-quarter growth of 0.3 per cent the last time the figures were published.

All of the UK’s constituent countries had positive quarter-to-quarter growth, apart from Wales.

The strong growth seen in the UK was largely driven by the production sector.

This was consistent with reports at the time of manufacturing businesses increasing activity ahead of the UK’s originally intended departure date from the European Union.

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