UK economy grew 0.6% between January and March
Summary
The UK economy grew by 0.6% in the first three months of the year, mainly due to a strong services sector. Growth in March was 0.3%, higher than expected, and construction also started to recover after a difficult end to last year.Key Facts
- The UK economy grew by 0.6% between January and March.
- Monthly growth in March was 0.3%, stronger than analysts predicted.
- The services sector, including wholesale, computer programming, and advertising, led the growth.
- Construction returned to growth but only partly made up for earlier losses.
- The Office for National Statistics (ONS) revised some previous monthly growth estimates downward.
- Chancellor Rachel Reeves said the government’s economic plan is on track to build a stronger and more resilient economy.
- These figures reflect the first full month with data during the Iran war period.
- Economic data can be updated as new information becomes available.
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