UK GDP report to show how fast economy grew in first quarter of 2025 – business live

Rolling coverage of the latest economic and financial news, including the latest UK GDP report at 7am BST

Today’s GDP report could spur economists to revise higher their forecasts for growth this year higher.

Economist Julian Jessop explains:

“UK GDP is expected to be flat in March, meaning a year over year rise of 1%, not blow-out, but growth nonetheless.

Investors will be able to place a little more faith in the trajectory of growth in the UK now that a trade deal has been agreed with the US and the risk of exorbitant tariffs has been removed. But inflation, at 2.6%, is still outpacing growth by some measure, and some areas of the economy like manufacturing and industrial production are expected to have gone backwards over the last 12 months.

7am BST: UK GDP report for Q1 2025

7am BST: UK trade balance report for March

9.30am BST: UK labour productivity report for Q4 2024

10am BST: Eurozone employment and GDP reports for Q1 2025

1.30pm BST: US weekly jobless claims report

1.30pm BST: US retail sales report for April

1.30pm BST: US producer prices index (PPI) for April

1.40pm Jerome Powell speech (Framework Review at the Thomas Laubach Research Conference, Washington DC)

3pm BST: Swati Dhingra: Speech at the New Economics Foundation conference ‘EU macroeconomic policy in an age of shocks’, Brussels Continue reading...