Monthly UK real GDP falls estimated 0.1% in Jan 2025

Real GDP is estimated to have grown by 0.2 per cent in the three months to January 2025 compared with the three months to October 2024, mainly because of growth in the services sector.

Production output fell by 0.9 per cent in January, following a growth of 0.5 per cent in December last year, and fell by 0.9 per cent in the three months to January, with manufacturing output driving both the monthly and three-month drops, an ONS release said.

Construction output fell by 0.2 per cent in January 2025, following a fall of 0.2 per cent in December 2024, but grew by 0.4 per cent in the three months to January 2025.

ALCHEMPro News Desk (DS)