British economy posts 0.1% GDP growth in 4th quarter of 2024

On annual basis, GDP grew 1.5% in October-December

By Mucahithan Avcioglu

ISTANBUL (AA) - The British economy grew 0.1% in the fourth quarter of 2024, confirming the preliminary data, according to data released on Friday.

The slight growth matched the market expectations and preliminary data predictions of a 0.1% quarter-on-quarter growth.

The latest figure followed stagnation in the third quarter, when the GDP remained flat at 0%, data from the Office for National Statistics showed.

Key contributors to the growth included a 0.1% growth in the services sector and a 0.3% expansion in construction output.

However, these gains were slightly offset by a 0.4% decline in production.

On an annual basis, GDP in the UK grew 1.5% in October-December 2024, above the preliminary estimate of 1.4%.

In 2024, the GDP growth figure was revised up to 1.1% from 0.9%.

Kaynak:

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