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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

News Digest: The high risk adventure playground that awaits pension investors

News Digest: The high risk adventure playground that awaits pension investors

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 June 2025 • 1 min read
Buzz: How positive are you about the Pension Schemes Bill?

Buzz: How positive are you about the Pension Schemes Bill?

Pension Schemes Bill, DB surpluses and DC ‘megafunds’

Professional Pensions
clock 09 June 2025 • 1 min read
Mercer to acquire Fundhouse and strengthen UK wealth management presence

Mercer to acquire Fundhouse and strengthen UK wealth management presence

Fundhouse's Rory Maguire to remain as CEO and CIO

Linus Uhlig
clock 09 June 2025 • 1 min read
Trustpilot