Vereinigtes Königreich von Großbritannien und Nordirland Bip-Wachstum

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.