The pace of UK economic growth slowed sharply at the end of2018, slipping into decline in December, according to officialdata. The numbers confirm the deterioration indicated by earliersurvey data, which also suggest that the slowdown intensified inJanuary as mounting Brexit uncertainty exacerbated a broader globaleconomic slowdown.
Economy sees disappointing end to 2018
The first official estimate of economic growth in the fourthquarter of 2018 indicated that GDP rose just 0.2%, markedly weakerthan the 0.6% expansion seen in the third quarter. The subdued endto the year meant 2018 saw the joint-weakest expansion of theeconomy since 2009, with growth of 1.4%.
The disappointing fourth quarter was even more striking due to a0.4% drop in output in December alone, which was the sharpestmonthly decline for nearly three years. The sudden worsening in thepace of economic growth matches the signal from the PMI surveys,which pointed to a 0.1% expansion in the fourth quarter.
The details provided scant hope of encouragement. Businessinvestment fell for a fourth successive quarter, with the rate ofdecline gathering pace to leave investment 3.0% lower than a yearago.
This release presents results from the 2017–18 national Crime Victimisation Survey, which is the tenth in the annual series.
During the 2017–18 reference period, approximately 5.0% (966,600) of Australians aged 15 years and over experienced a selected personal crime. This includes an estimated: