First-quarter GDP growth aligns with expectations, accelerating from a 0.1% rise in the prior quarter.
The UK economy grew 0.6% in the first quarter, matching consensus forecasts and rebounding from a 0.1% increase in the previous quarter. Year-over-year growth reached 1.1%, exceeding the 0.8% estimate and improving from a 1.0% rise in the prior period.
The data reflects a modest recovery after stagnation in late 2023, though analysts caution structural challenges remain. Services and manufacturing sectors drove the uptick, while construction lagged.
Markets showed limited reaction, as the print confirmed expectations without signaling material shifts in monetary policy.