the GDP (GDP) of the United Kingdom as 0.7 % in the first quarterAccording to the final reading issued this Monday by the National Institute of British Statistics (ONS). At the annual rule, there was 1.3 % progress, confirming the data from the first reading. Strong growth contrasts with only 0.1 % in the fourth quarter of 2024.
This progress, which should not be preserved throughout the year, was driven by the real estate sector, as buyers benefited from the end of the financial benefit, and by manufacturers that accelerate their production before the increase in the commercial definitions announced by the president Donald Trump. For the second quarter, the Bank of England offers only 0.25 % growth.
ONS also stated that family spending grew by 0.4 % between January and March, higher than the previous estimate of 0.2 %, withdrawn by housing, commodities, services and transportation expenses.
In addition, industrial production grew by 1.1 % in the first quarter, before the American commercial tariffs came into effect. The current account deficit in the United Kingdom increased more than expected, to 23.46 billion pounds between January and March, compared to a little more than 21 billion in the previous quarter.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.