UK GDP grows by 0.6% in Q1

Growth follows two quarterly declines in second half of 2023

Cristian Angeloni
clock • 2 min read
Chancellor Jeremy Hunt said today’s reading is proof the UK economy 'is returning to full health'
Image:

Chancellor Jeremy Hunt said today’s reading is proof the UK economy 'is returning to full health'

UK gross domestic product (GDP) is estimated to have increased by 0.6% in the first three month of 2024, following two quarterly declines in the second half of 2023, according to the Office for National Statistics (ONS).

Compared to Q1 2023, GDP has increased by 0.2% in the same period this year, according to ONS data published today (10 May). Both services and the production sector grew over the three-month per...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DC consolidation concern, TPO order for trustee director, CDC consultation responses

Professional Pensions
clock 22 November 2024 • 1 min read
Mansion House proposals 'ambitious' and 'huge task' for industry

Mansion House proposals 'ambitious' and 'huge task' for industry

Industry experts says consolidation into megafunds presents ‘complexity’

Holly Roach
clock 22 November 2024 • 2 min read
XPS Group revenues up 23% to £113.4m in six months

XPS Group revenues up 23% to £113.4m in six months

Consultancy says advisory and administration accounting grew for tenth half year of year-on-year growth

Jasmine Urquhart
clock 21 November 2024 • 2 min read
Trustpilot