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MNI BRIEF: UK GDP Sees Modest Jan Bounce As Football Returns

(MNI) LONDON
(MNI) London

UK GDP recovers from a sluggish December, helped by a strong recovery in the services sector.

Bank of EnglandPolicy NewsCentral Bank NewsHomepageEuropeBriefUKStoryRegionBank Of England (BOE) Market News
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A return of Premier League football and more kids in their classrooms in January helped UK GDP bounce back from the decline seen in December, the Office for National Statistics said Friday. GDP rose 0.3% month-on-month, recovering part of the 0.5% decline seen in December. On a rolling 3-month basis, growth was flat, the ONS said.

“The main drivers of January’s growth were the return of children to classrooms, following unusually high absences in the run-up to Christmas, the Premier League clubs returned to a full schedule after the end of the World Cup and private health providers also had a strong month," ONS Director of Economic Statistics Darren Morgan said.

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A return of Premier League football and more kids in their classrooms in January helped UK GDP bounce back from the decline seen in December, the Office for National Statistics said Friday. GDP rose 0.3% month-on-month, recovering part of the 0.5% decline seen in December. On a rolling 3-month basis, growth was flat, the ONS said.

“The main drivers of January’s growth were the return of children to classrooms, following unusually high absences in the run-up to Christmas, the Premier League clubs returned to a full schedule after the end of the World Cup and private health providers also had a strong month," ONS Director of Economic Statistics Darren Morgan said.

Keep reading...Show less