º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Economic Development

Manufacturing, mining and defence help grow South West economy in 2019

The regional economy saw more growth than the º£½ÇÊÓÆµ as a whole in the first quarter

Manufacturing has helped the economy grow in the South West

The South West economy grew during the first quarter of 2019, new figures show.

Data from the Office for National Statistics (ONS) revealed that, in the three months to March 2019, Gross Domestic Product (GDP) in the region went up by 0.7 per cent.

That follows a positive growth of 0.3 per cent in the last quarter of 2018.

The economic increase has been driven by growth in water supply and sewerage, mining and quarrying, public administration and defence, and manufacturing.

Water supply and sewerage grew by 10.2 per cent and made the largest positive contribution to growth in the South West at 0.2 percentage points.

Mining and quarrying was up by 3.9 per cent while the public administration and defence sector grew by 2.2 per cent, and manufacturing by 2.0 per cent.

Water supply and sewerage, and administration and defence made the largest positive contribution to growth in the South West at 0.2 percentage points and 0.1 per cent respectively.

But there was bad news for the agricultural and education industries, which saw a fall of 6.8 and 5.7 per cent respectively.