The UK economy expanded by 0.6% in the final quarter of 2016, according to the Office for National Statistics with an increase in output from manufacturing and construction.
Welcoming the statistics, Rain Newton-Smith, CBI Chief Economist, said: “These figures confirm that the economy remained resilient in the wake of the EU referendum, growing 2.0% in 2016.”
Services remain the key driver of growth and a recovery in manufacturing also provided some support.
We welcome the figures as well and believe that digital technology is playing its part to support this growing confidence. IT can help manufacturing companies to take advantage of opportunities by making their processes more efficient.
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