The British economy witnessed a 1.3% year-over-year growth in the first quarter of 2025, aligning with initial forecasts and slightly less than the 1.5% growth recorded in the fourth quarter. Analyzing by sector, the services sector experienced a 1.4% increase, construction rose by 1.2%, while the production sector showed no growth. On the expenditure front, household expenditure increased by 0.9%, and gross fixed capital formation saw a significant rise of 3.5%, largely driven by a remarkable 6.1% increase in business investment. Government spending also rose by 1.5%, though exports declined by 0.5%, contrasted by a significant 7.5% surge in imports. On a quarterly basis, the UK’s GDP expanded by 0.7%, marking the highest quarter-on-quarter growth in a year.
The material has been provided by InstaForex Company – www.instaforex.com
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