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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Pension Schemes Bill, PRA takes action on insurers’ use of FundedRe, Opperman criticises PASA

Professional Pensions
clock 01 May 2026 • 1 min read
Professional Pensions wins top accolade at State Street Institutional Press Awards

Professional Pensions wins top accolade at State Street Institutional Press Awards

PP editor wins award for the consistent high-quality output during his career

Professional Pensions
clock 01 May 2026 • 1 min read
Industry says MNTs should have legal right to time to complete trustee duties

Industry says MNTs should have legal right to time to complete trustee duties

PP survey shows 70% back proposal put forward in ‘manifesto’ published by AMNT

Martin Richmond
clock 01 May 2026 • 2 min read
Trustpilot