UK recession fears ease as economy grows by 0.1% in October-December – business live
Rolling coverage of the latest economic and financial news, including the first estimate of UK GDP for October-DecemberWorryingly, though, once you adjust for population changes you see that UK economic activity per person actually fell over the last two quarter.Real GDP per head is estimated to have fallen by 0.1% in Quarter 4 2024, the ONS says.“The economy picked up in December after several weak months, meaning, overall, the economy grew a little in the fourth quarter of last year. Across the quarter, growth in services and construction were partially offset by a fall in production. GDP per head, in contrast, fell back slightly in the quarter.“In December wholesale, film distribution and pubs and bars all had a strong month, as did manufacturing of machinery and the often-erratic pharmaceutical industry. However, these were partially offset by weak months for computer programming, publishing and car sales.” Continue reading...
Rolling coverage of the latest economic and financial news, including the first estimate of UK GDP for October-December
Worryingly, though, once you adjust for population changes you see that UK economic activity per person actually fell over the last two quarter.
Real GDP per head is estimated to have fallen by 0.1% in Quarter 4 2024, the ONS says.
“The economy picked up in December after several weak months, meaning, overall, the economy grew a little in the fourth quarter of last year. Across the quarter, growth in services and construction were partially offset by a fall in production. GDP per head, in contrast, fell back slightly in the quarter.
“In December wholesale, film distribution and pubs and bars all had a strong month, as did manufacturing of machinery and the often-erratic pharmaceutical industry. However, these were partially offset by weak months for computer programming, publishing and car sales.” Continue reading...
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