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Economic Buzz: UK GDP up 1.3% y-o-y in q1 2025, quarterly growth hits 0.7%
15-May-2025 13:17
The UK economy grew by 1.3 percent year-on-year in Q1 2025, slightly below the 1.5 percent in the previous quarter. Services remained the key driver with a 1.5 percent rise, while construction held steady at 0.9 percent. Industrial production stayed in decline but improved to -0.2 percent from -1.1 percent. Household and government spending both slowed, but business investment surged 8.1 percent, lifting overall capital formation by 4.4 percent. Exports dipped marginally, while imports jumped 7.6 percent. On a quarterly basis, GDP rose 0.7 percent, the fastest pace in three quarters.

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