UK real GDP grows by estimated 0.4% MoM, 0.7% YoY in Mar 2024: ONS

Real GDP is estimated to have grown by 0.6 per cent in the first quarter (Q1) this year compared with the preceding quarter.

On a quarterly basis, this gives growth of 0.6 per cent in Q1 2024, following declines of 0.3 per cent in Q4 2023 and 0.1 per cent in Q3 last year.

Production output grew by 0.2 per cent in March this year, following growth of 1 per cent in February 2024—revised down from 1.1 per cent in the previous ONS forecast. It grew by 0.8 per cent in Q1 2024.

GDP is estimated to have grown by 0.7 per cent year on year (YoY) in March this year and by 0.2 per cent YoY in Q1 2024.

Fibre2Fashion News Desk (DS)