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2025-03-14 16:13
The British economy contracted 0.1% month-over-month in January, following a 0.4% growth in December 2024, and worse than market expectations of a 0.1% gain.
The largest downward contribution came from the production sector which fell 0.9%, after a 0.5% rise in the previous period.
Considering the three months to January, the GDP in the UK grew 0.2%.
Industrial Production in the United Kingdom meanwhile fell 1.5% in January 2025 over the same month in the previous year.
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