UK economy unexpectedly shrank by 0.1% in January
The U.K.'s economy unexpectedly shrank by 0.1% month-on-month in January, official figures showed on Friday. Britain's Office for National Statistics said the fall was mainly due to a contraction in the production sector.
UK economy shrank by 0.1% in January
The UK economy shrank by 0.1% in January, according to the latest official figures. A slowdown in manufacturing was one of the main reasons for the dip, the Office for National Statistics said. This breaking news story is being updated and more details will be published shortly.
UK economy contracts unexpectedly in January by 0.1%
Britain's economic output contracted unexpectedly by 0.1% in January compared with December, data from the Office for National Statistics showed on Friday.
GDP: UK economy unexpectedly contracted by 0.1% in January in blow for Rachel Reeves
The UK economy contracted by 0.1% in January, according to the Office for National Statistics.Most economists had forecast gross domestic product (GDP) to rise by 0.1% in the first month of the year.
British economy contracts 0.1% month-over-month in January
The British economy contracted 0.1% month-over-month in January, following a 0.4% growth in December 2024, and worse than market expectations of a 0.1% gain.  The largest downward contribution came from the production sector which fell 0.
UK economy contracts in January amid faltering production sector
Britain’s economy shrunk in January amid a sharp fall in the manufacturing sector, according to official figures. The Office for National Statistics (ONS) said the economy contracted 0.1% during the month,
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