UK GDP MoM (Jan) M/M 0.0% vs. Exp. 0.2% (Prev. 0.1%, Low. 0.1%, High. 0.3%)
Importance
Level 1
ONS:
- Growth ticked up slightly in the latest three months, partly reflecting the recovery of car manufacturing, following the cyber incident in the Autumn.
- Within, services, which also increased, wholesale continued to rebound from a weak summer.
- However, the overall picture remains subdued, with no growth in the latest month.
- There was another large fall in the construction industry in the latest three months, with continued contraction in housebuilding.
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