In line with knowledge from the Workplace for Nationwide Statistics (ONS), quarterly GDP rose by 0.7% within the first quarter of 2024 (January to March), up from an preliminary estimate of 0.6%.
The rise was primarily pushed by the companies sector, which grew by 0.8% within the quarter, adopted by manufacturing, which recorded 0.6% progress within the first three months of 2024. The development sector, nevertheless, fell by 0.6%.
Total, GDP estimates confirmed a 0.3% improve in quarterly figures in comparison with the identical quarter a 12 months in the past.
Cautious optimism as UK GDP turns constructive in January
In the meantime, the ONS highli…
