UK economy failed to grow in January, figures show
Summary
In January, the UK economy did not grow, according to official figures. The Office for National Statistics reported zero growth, which was lower than expected, compared to a 0.1% growth in December.Key Facts
- The UK economy showed zero growth in January.
- This followed a growth of 0.1% in December.
- The Office for National Statistics provided these GDP figures.
- GDP is a measure of all the economic activity in a country.
- The UK services sector remained unchanged in growth during January.
- The production sector in the UK decreased by 0.1%.
- The construction sector saw a growth of 0.2% in January.
- Ongoing global events, like the US-Israeli war with Iran, could impact the UK's economy due to changes in energy supplies.
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