Data Round Up
- UK economy slows sharply in first quarter of year, expanding by 0.1%. This is its weakest performance since 2012.
- Inflation falls to 2.5% in March - its lowest level in year – as sterling depreciation effect becomes exhausted.
- Wages continue recent upward trend as labour market continues to thrive.
- Manufacturing activity stalls, with May’s PMI dropping to 53.9 – a 17 month low.
You can read the full economic briefing here.