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MNI BRIEF: UK GDP Ends 2024 With Upside Surprise

UK economy grew in Q4 against expectations, data showed.

MNI (LONDON) - The UK economy eeked out modest growth in Q4 2024, defying expectations of a contraction, data released by the Office for National Statistics showed Thursday.

The economy grew 0.1% in the 3 months to December, rising 1.4% compared to the same quarter in 2023. Month-on-month, December GDP rose 0.4%, the highest monthly growth since March, the stats office said. Growth was ahead of estimates of both City consensus and the Bank of England's Monetary Policy Committee, where expectations were for a decline of 0.1%. (see MNI INTERVIEW: Consumer Boost Lead For UK Growth- ONS Fitzner )

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MNI (LONDON) - The UK economy eeked out modest growth in Q4 2024, defying expectations of a contraction, data released by the Office for National Statistics showed Thursday.

The economy grew 0.1% in the 3 months to December, rising 1.4% compared to the same quarter in 2023. Month-on-month, December GDP rose 0.4%, the highest monthly growth since March, the stats office said. Growth was ahead of estimates of both City consensus and the Bank of England's Monetary Policy Committee, where expectations were for a decline of 0.1%. (see MNI INTERVIEW: Consumer Boost Lead For UK Growth- ONS Fitzner )

Keep reading...Show less