News

UK Economy Grows 0.1% in Q4
The UK economy grew by 0.1% in the fourth quarter of 2025, matching the pace recorded in the previous three-month period and coming in slightly below market expectations of 0.2%, according to preliminary estimates. Production output rose 1.2%, reversing a 0.7% decline in Q3. Manufacturing increased by 0.9%, largely supported by gains in other manufacturing and machinery and equipment, as car production normalized following August’s cyber incident. In contrast, the dominant services sector showed no growth, after expanding by 0.2% in the third quarter. Business-facing services stagnated, while consumer-facing services posted modest growth of 0.2%. Construction weighed on overall performance, with output contracting 2.1% after a 0.4% rise in Q3. On an annual basis, GDP increased by 1.0% in Q4, falling short of expectations for 1.2% growth. For 2025 as a whole, the UK economy expanded by 1.3%, slightly above the 1.1% growth recorded in 2024.
Published on 2026-02-12

UK Q3 GDP Growth Confirmed at 0.1%
The UK economy expanded by just 0.1% in Q3 2025, confirming preliminary estimates and slowing from 0.3% growth in the previous quarter. The production sector fell 0.3%, led by manufacturing (-0.8%) and mining and quarrying (-0.4%). Within manufacturing, transport equipment declined 4.7%, with motor vehicles, trailers, and semi-trailers tumbling 10.3% after a cyberattack severely disrupted operations at Jaguar Land Rover in September. Meanwhile, services rose 0.2%, supported by financial, insurance, and real estate activities, while professional and technical services declined. Construction output grew 0.2%, driven by repair and maintenance, though new work fell. On the expenditure side, household consumption increased 0.3%, government spending rose 0.4%, and business investment rebounded 1.5%. On an annual basis, GDP expanded 1.3%, slightly down from 1.4% in Q2, in line with initial estimates.
Published on 2025-12-22

UK Q3 GDP Growth Confirmed at 0.1%
The UK economy expanded by just 0.1% in Q3 2025, confirming preliminary estimates and slowing from 0.3% growth in the previous quarter. The production sector fell 0.3%, led by manufacturing (-0.8%) and mining and quarrying (-0.4%). Within manufacturing, transport equipment declined 4.7%, with motor vehicles, trailers, and semi-trailers tumbling 10.3% after a cyberattack severely disrupted operations at Jaguar Land Rover in September. Meanwhile, services rose 0.2%, supported by financial, insurance, and real estate activities, while professional and technical services declined. Construction output grew 0.2%, driven by repair and maintenance, though new work fell. On the expenditure side, household consumption increased 0.3%, government spending rose 0.4%, and business investment rebounded 1.5%. On an annual basis, GDP expanded 1.3%, slightly down from 1.4% in Q2, confirming preliminary estimates.
Published on 2025-12-22

UK GDP Growth Disappoints in Q3
The UK economy expanded by just 0.1% in Q3 2025, easing from 0.3% growth in Q2 and falling short of market expectations of 0.2%, according to preliminary estimates. The production sector contracted 0.5%, following a 0.8% decline in the previous period, led by manufacturing (-0.8%) and mining and quarrying (-1.5%). Within manufacturing, motor vehicles, trailers, and semi-trailers tumbled 10.3% after a cyberattack severely disrupted operations at Jaguar Land Rover in September. Services output rose 0.2% (vs. 0.4% in Q2), supported by arts, entertainment, recreation, and real estate, while professional, scientific, and technical activities declined. Construction output increased 0.1% (vs. 1.0%), driven by repair and maintenance, though new work fell. In expenditure terms, gains in investment, spending, and net trade were partly offset by falling valuables and inventories. On an annual basis, GDP increased 1.3% in Q3, slightly below forecasts of 1.4%.
Published on 2025-11-13

UK GDP Growth Slows to 0.1% in Q3
The UK economy expanded by just 0.1% in Q3 2025, easing from 0.3% growth in Q2 and falling short of market expectations of 0.2%, according to preliminary estimates. Fixed investment rose 1.8% (vs 0.5% in Q2), supported by higher spending on ICT equipment, machinery, dwellings, and intellectual property products, even as business investment slipped 0.3%. Household consumption grew 0.2% (vs 0.1% in Q2), driven by higher spending on clothing, footwear, recreation, and culture, while government expenditure advanced 0.3% (vs 1.3%), reflecting modest gains in education and social care. Net trade made a positive contribution, as imports declined more sharply than exports, partially offsetting a large negative impact from gross capital formation, reflecting lower valuables and inventories compared with Q2. In output terms, services grew 0.2% and construction edged up 0.1%, while the production sector contracted by 0.5%. On an annual basis, GDP increased 1.3%, slightly below forecasts of 1.4%.
Published on 2025-11-13

UK GDP Growth Slows to 0.1% in Q3
The UK economy expanded by just 0.1% in Q3 2025, easing from 0.3% growth in Q2 and falling short of market expectations of 0.2%, according to preliminary estimates. Fixed investment rose 1.8% (vs 0.5% in Q2), supported by higher spending on ICT equipment, machinery, dwellings, and intellectual property products, even as business investment slipped 0.3%. Household consumption grew 0.2% (vs 0.1% in Q2), driven by higher spending on clothing, footwear, recreation, and culture, while government expenditure advanced 0.3% (vs 1.3%), reflecting modest gains in education and social care. Net trade made a positive contribution, as imports fell more sharply than exports, partly offsetting the large negative impact from a sharp drop in inventories compared with Q2. In output terms, services grew 0.2% and construction edged up 0.1%, while the production sector contracted by 0.5%. On an annual basis, GDP increased 1.3%, slightly below forecasts of 1.4%.
Published on 2025-11-13

UK GDP Growth Disappoints in Q3
The UK economy expanded by just 0.1% in Q3 2025, easing from 0.3% growth in Q2 and falling short of market expectations of 0.2%, according to preliminary estimates. Fixed investment rose 1.8% (vs 0.5% in Q2), supported by higher spending on ICT equipment, machinery, dwellings, and intellectual property products, even as business investment slipped 0.3%. Household consumption grew 0.2% (vs 0.1% in Q2), driven by higher spending on clothing, footwear, recreation, and culture, while government expenditure advanced 0.3% (vs 1.3%), reflecting modest gains in education and social care. Net trade made a positive contribution, as imports fell more sharply than exports, partly offsetting the large negative impact from a sharp drop in inventories compared with Q2. In output terms, services grew 0.2% and construction edged up 0.1%, while the production sector contracted by 0.5%. On an annual basis, GDP increased 1.3%, slightly below forecasts of 1.4%.
Published on 2025-11-13

UK GDP Growth Disappoints in Q3
The UK economy expanded by just 0.1% in Q3 2025, easing from 0.3% growth in Q2 and falling short of market expectations of 0.2%, according to preliminary estimates. Fixed investment rose 1.8% (vs 0.5% in Q2), supported by higher spending on ICT equipment, machinery, dwellings, and intellectual property products, even as business investment slipped 0.3%. Household consumption grew 0.2% (vs 0.1% in Q2), driven by higher spending on clothing, footwear, recreation, and culture, while government expenditure advanced 0.3% (vs 1.3%), reflecting modest gains in education and social care. Net trade made a positive contribution, as imports fell more sharply than exports, partly offsetting the large negative impact from a sharp drop in valuables and inventories compared with Q2. In output terms, services grew 0.2% and construction edged up 0.1%, while the production sector contracted by 0.5%. On an annual basis, GDP increased 1.3%, slightly below forecasts of 1.4%.
Published on 2025-11-13

UK GDP Growth Disappoints in Q3
The UK economy expanded by just 0.1% in Q3 2025, easing from 0.3% growth in Q2 and falling short of market expectations of 0.2%, according to preliminary estimates. Fixed investment rose 1.8% (vs 0.5% in Q2), supported by higher spending on ICT equipment, machinery, dwellings, and intellectual property products, even as business investment slipped 0.3%. Household consumption grew 0.2% (vs 0.1% in Q2), driven by higher spending on clothing, footwear, recreation, and culture, while government expenditure advanced 0.3% (vs 1.3%), reflecting modest gains in education and social care. Net trade made a positive contribution, as imports fell more sharply than exports, partly offsetting the large negative impact from a sharp drop in valuables and inventories compared with Q2. In output terms, services grew 0.2% and construction edged up 0.1%, while the production sector contracted by 0.5%. On an annual basis, GDP increased 1.3% in Q3, slightly below forecasts of 1.4%.
Published on 2025-11-13

UK GDP Growth Disappoints in Q3
The UK economy expanded by just 0.1% in Q3 2025, easing from 0.3% growth in Q2 and falling short of market expectations of 0.2%, according to preliminary estimates. The production sector contracted 0.5%, following a 0.8% decline in the previous period, led by manufacturing (-0.8%) and mining and quarrying (-1.5%). Within manufacturing, motor vehicles, trailers, and semi-trailers tumbled 10.3% after a cyberattack severely disrupted operations at Jaguar Land Rover in September. Services output rose 0.2% (vs. 0.4% in Q2), supported by arts, entertainment, recreation, and real estate activities. Construction output increased 0.1% (vs. 1.0%), driven by repair and maintenance, while new work fell. In expenditure terms, gains in investment, spending, and net trade were partly offset by falling valuables and inventories. On an annual basis, GDP increased 1.3% in Q3, slightly below forecasts of 1.4%.
Published on 2025-11-13

UK GDP Growth Rate Unrevised at 0.3%
The British economy expanded 0.3% on quarter in Q2 2025, in line with the preliminary estimate and following a 0.7% growth in Q1. Growth was driven by services (0.4% vs 0.7% in Q1), mostly computer programming, consultancy and related activities (4.5%) and construction (1%) while the production sector fell by a faster-than-expected 0.8% (vs 0.6% in Q1), mostly electricity, gas, steam and air conditioning supply (-7.2%). On the expenditure side, household spending edged up 0.1% (vs 0.3%), driven by miscellaneous goods and services, transport, and restaurants and hotels. Government spending went up 1.3% (vs -0.2%) and gross fixed capital formation rose 0.5%, revised up from a first estimate fall of 1.1% and following a 1.9% gain in Q1. However, business investment shrank 1.1%, revised up from a fall of 4%, and compared to a 4% rise in Q1. Also, exports decreased (-0.2% vs 1.7%) and imports stalled (vs 1.2%). Year-on-year, the GDP expanded 1.4%, higher than 1.2% in the first estimate.
Published on 2025-09-30

UK GDP Growth Rate Unrevised at 0.3%
The British economy expanded 0.3% on quarter in Q2 2025, in line with the preliminary estimate and following a 0.7% growth in Q1. In output terms, growth was driven by services (0.4% vs 0.7% in Q1), mostly computer programming, consultancy and related activities (4.5%) and construction (1%) while the production sector fell by a faster-than-expected 0.8% (vs 0.6% in Q1), mostly electricity, gas, steam and air conditioning supply (-7.2%). On the expenditure side, household spending edged up 0.1% (vs 0.3%), driven by miscellaneous goods and services, transport, and restaurants and hotels. Government spending went up 1.3% (vs -0.2%) and gross fixed capital formation rose 0.5%, revised up from a first estimate fall of 1.1% and following a 1.9% gain in Q1. However, business investment shrank 1.1%, revised up from the first estimate fall of 4%, and compared to a 4% rise in the previous period. Year-on-year, the GDP in the UK expanded 1.4%, higher than 1.2% in the first estimate.
Published on 2025-09-30

UK GDP Growth Above Expectations
The British economy grew 0.3% qoq in Q2 2025, slowing from a 0.7% expansion in Q1 but surpassing forecasts of just 0.1%, according to preliminary estimates. The moderation partly reflects activity being brought forward to February and March ahead of April’s stamp duty changes and the announcement of new US tariffs. In Q2, growth was fuelled by a 0.4% rise in services, led by computer programming and consultancy (+4.1%). Construction climbed 1.2%, while production fell 0.3% due to utilities (-6.8%) and mining (-0.3%), partly offset by a 0.3% increase in manufacturing. On the expenditure side, growth was driven mainly by a 1.2% rise in government consumption, particularly in health (vaccinations) and public administration and defence. Gross capital formation increased on the back of higher changes in valuables, inventories, and alignment adjustments, but business investment slumped 4%. Household spending rose a modest 0.1% and exports increased 1.6%, outpacing the 1.4% rise in imports.
Published on 2025-08-14

UK GDP Growth Above Expectations
The British economy expanded 0.3% on quarter in the second quarter of 2025, following a 0.7% rise in the previous period, and beating forecasts of a smaller 0.1% expansion, preliminary estimates showed. Some activity was brought forward to February and March ahead of changes to stamp duty in April and announced US tariff changes. Growth was driven by a 0.4% gain in the services sector, mainly computer programming, consultancy and related activities (4.1%), and non-market health. Also, construction went up 1.2% while the production sector fell by 0.3%.
Published on 2025-08-14

UK GDP Growth Confirmed at 0.7% in Q1
The British economy expanded 0.7% on quarter in Q1 2025, the same as in the preliminary estimate, and the strongest growth in a year. On the production side, growth was driven by an increase of 0.7% in the services sector, with the largest positive contributor coming from administrative and support service activities (3.7%) and wholesale and retail trade (1.6%). Production also grew by 1.3%, mostly manufacturing (1.1%), including transport equipment (2.8%) and machinery and equipment (4%). On the consumption side, growth was driven by a 2% surge in gross fixed capital formation, mainly aircraft investment, as well as ICT equipment and other machinery and equipment. Business investment rose 3.9%. Positive contributions also came from net trade, with exports rising 3.3% and imports increasing 2%. Also, household consumption was up 0.4%. On the other hand, public expenditure went down 0.4%. Year-on-year, the GDP expanded 1.3%, in line with the first estimate and below 1.5% in Q4.
Published on 2025-06-30

UK GDP Growth Above Expectations
The British economy expanded 0.7% on quarter in Q1 2025, compared to 0.1% in Q4 and forecasts of 0.6%, preliminary figures showed. It is the strongest growth rate in 3 quarters, with the largest contribution coming from the services sector (0.7%), mostly administrative and support service activities (3.3%) and retail trade (1.5%). Meanwhile, production increased by 1.1% following falls in the previous three quarters, led by manufacture of transport equipment (2.7%) and machinery and equipment (3.8%). In contrast, construction output remained unchanged. Looking at the expenditure side, growth was supported by a 2.9% increase in gross fixed capital formation, mainly due to higher imports of aircraft, along with investments in ICT equipment, other machinery and equipment, and construction of buildings and structures. Net trade also contributed positively, with exports rising by 3.5% while imports grew by 2.1%. Household consumption edged up by 0.2%. Year-on-year, the GDP expanded 1.3%.
Published on 2025-05-15

UK GDP Growth Unrevised at 0.1% in Q4
The British economy expanded 0.1% on quarter in Q4 2024, the same as in the first estimate, and following a flat reading in Q3. On the production side, the services sector increased by 0.1% (less than 0.2% in the first estimate), with the largest positive contribution coming from human health and social work activities. Construction also grew 0.3%, while production fell by 0.4% (vs -0.8% in the first estimate), largely driven by a 0.6% decline in manufacturing, namely manufacture of basic metals and metal products (-2.9%) and transport equipment (-2%). On the expenditure side, there were falls in net trade and gross fixed capital formation, offset by a large increase in gross capital formation. Also, household consumption increased 0.1%, revised up from the initial estimate of no growth, mostly due to spending on restaurants and hotels, and housing. Public expenditure rose 0.5%, mainly public administration and defence, and higher activity in health.
Published on 2025-03-28

UK GDP Unexpectedly Grows in Q4
The British economy expanded 0.1% on quarter in Q4 2024, following no growth in Q3, and beating forecasts of a 0.1% contraction, according to preliminary estimates. On the production side, the services sector increased by 0.2% and construction grew by 0.5%, while production fell by 0.8%, marking a fifth straight quarter of contraction, largely driven by a 0.7% decline in manufacturing, mostly transport equipment (-2.3%) and pharmaceuticals (-4%) and a 2.5% decline in mining and quarrying. On the expenditure side, exports were down 2.5% mostly due to fuels, and machinery and transport equipment while imports rose 2.1% driven by large movements in non-monetary gold. Also, gross fixed capital formation declined 0.9%, led by transport (-22.9%). These falls were offset by a large increase in change in inventories while government spending increased 0.8%, mainly due to public administration and defence, and higher activity in health. Meanwhile, there was no growth in household expenditure.
Published on 2025-02-13

UK GDP Growth Revised Lower
The British economy stalled in Q3 2024, revised down from the first estimate increase of 0.1% and below a downwardly revised 0.4% in Q2. On the production side, there was no growth in the services sector, revised down 0.1% in the first estimate, with the largest negative contribution coming from financial and insurance activities (-0.6%). Also, production fell 0.4%, worse than -0.2% in the first estimate, led by a 2% drop in electricity, gas, steam and air conditioning supply. In contrast, construction grew 0.7%, slightly less than an initial 0.8%. On the expenditure side, exports (-0.5% vs -0.2%) and imports (-2.5% vs -1.5%) were revised lower but net trade increased. Household spending growth was unrevised at 0.5%, business investment rose more (1.9% vs 1.2%) but government consumption increased much less than anticipated (0.1% vs 0.6%). These increases were partially offset by a 0.6% fall in gross capital formation, specifically the acquisitions less disposals of valuables.
Published on 2024-12-23

UK GDP Growth Below Forecasts
The GDP in the UK expanded 0.1% on quarter in Q3 2024, the smallest growth rate in three quarters, below 0.5% in Q2 and forecasts of 0.2%, preliminary estimates showed. The services sector grew by 0.1%, led by professional, scientific and technical activities (0.7%) and wholesale and retail trade (0.6%). Also, construction expanded 0.8% while the production sector fell by 0.2%, largely driven by a 2.7% decline in electricity, gas, steam and air conditioning supply. On the expenditure side, there was an increase in net trade, with exports declining 0.2% and imports falling at a faster 1.5%; household spending (0.5%), mostly housing, miscellaneous, and clothing and footwear; business investment (1.2%); and government consumption (0.6%), particularly education and higher school attendance. These increases were partially offset by a fall in gross capital formation, specifically the acquisitions less disposals of valuables. Year-on-year, the British economy increased 1%, above 0.7% in Q2.
Published on 2024-11-15