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Economic Buzz: UK GDP grows 0.2% in March
15-May-2025 12:09
According to the Office for National Statistics, UK's monthly real gross domestic product (GDP) is estimated to have grown by 0.2% in March 2025, following unrevised growth of 0.5% in February 2025.

Real GDP is estimated to have grown by 0.7% in the three months to March 2025, compared with the three months to December 2024; this is mainly because of widespread growth in the services sector in this period.

Monthly services output rose by 0.4% in March 2025, following unrevised growth of 0.3% in February 2025, and was the largest contributor to the growth in GDP in the month; services also grew by 0.7% in the three months to March 2025.

Production output fell by 0.7% in March 2025, following growth of 1.7% in February 2025 (revised up from 1.5% growth), but grew by 1.1% in the three months to March 2025.

Construction output grew by 0.5% in March 2025, following growth of 0.2% in February 2025 (revised down from growth of 0.4%), but showed no growth in the three months to March 2025.

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