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UK economic growth slows down as election nears

According the latest data, UK financial growth likely slowed down in the first quarter of the year.

As analysts predict, the economic slow down could make harder for David Cameron to persuade voters in coming elections.

As understood the reports, industrial output bounced back a month ago, rising 0.4% after dropping 0.6% in January.

Anyway the broader measure of overall industrial production which incorporates output from energy organizations – just increased 0.1 percent.

Construction industry figures were considerably more frustrating.

As per the Office for National Statistics (ONS), construction output dropped by 0.9 percent in February which considers far more regrettable than what analysts had expected of 2 percent growth.

Comparing December 2014 with February 2015, with the past 3 months, September to November 2014, construction output fell by 3.2%.

However, anticipate that the GDP figures will be released only days before the elections.