Growth in the East of England was 1.2% in the year to June 2019, which ranked the region tenth (out of twelve UK ‘regions’) according to estimates from ESCoE. The drop from the previous quarter’s growth of 1.6% suggests the region’s economy is contracting. At 2.3%, London had the best performance with Northern Ireland at 1% the worst. The national growth rate for the same period was 1.5%. With the UK economy contracting by 0.2% in the quarter, falling growth in the East of England reflects this and is similar to other regional economies which have also shrunk.
Unemployment in the East of England increased by 1,000 to 95,000 between April and June, leaving the rate unchanged at 2.9%, the joint second lowest rate in the UK. The South West had the lowest unemployment rate at 2.7%, the North East had the highest at 5.3% with the UK rate at 3.9%. The South West also had the highest employment rate at 80.5% which compared with the East of England at 79.2%, UK rate of 76.1% is the joint highest since comparative records began in 1971.
In June, the East of England was one of only three regions to see a drop in...