UK recovery sluggish with 0.3% GDP growth in Q1

First quarter GDP growth remains at 0.3% which is unrevised from the previous quarter and 0.2% down on Q1 2009. For the last year as a whole, GDP contracted 4.9% against a fall of 0.1% in 2008. Meanwhile, output in the production industries saw an increase of 1% in the last quarter, while services sector output was revised up to 0.3% over the period, down from 0.7% growth in the previous quarter. This was largely offset by downward revisions to industrial and construction output. The delayed release of these figures by the ONS had caused speculation on the state of the economy, sugges...