UK GDP growth drops to weakest level since 2012 as Brexit uncertainty weighs

Expanded 0.2% in Q4

UK gross domestic product (GDP) expanded by 0.2% in Q4 2018, down from 0.6% in Q3 and missing analysts' expectations of 0.3% growth.

According to the Office for National Statistics (ONS), Q4 performance dragged annual GDP down to 1.4% in 2018, the lowest growth since 2012. GDP fell 0.4% in December, having grown 0.2% in October and November, driven by a drop in construction, production and services output in the final month of the year. In Q4 overall, the services sector expanded 0.4% while production and construction fell 1.1% and 0.3%, respectively. Business investment contracted for the fourth consecutive quarter, falling 1.4% in the final three months of the year. Brexit Blog: Businesses warned of UK's fa...