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...

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