The UK economy barely grew in the third quarter of 2024, registering a meagre 0.1% increase, according to the Office for National Statistics (ONS). This marks a significant slowdown from the 0.5% growth seen in the previous quarter and places the UK sixth in the G7 growth league.
Gdp
Scotland's GDP fell by 0.3% in August, following growth of 0.5% in July (revised from 0.3%). This represents a concerning slowdown in the Scottish economy, particularly as the UK as a whole saw growth of 0.2% in August.
The UK economy grew by 0.2% in August, following two months of stagnation. This growth was seen across all major sectors, with a particularly strong rebound in manufacturing, construction, and professional services. While monthly figures can fluctuate, this rise, coupled with positive business surve
The UK economy grew by 0.5% in the second quarter of 2024, slightly less than initial estimates of 6%, according to the Office for National Statistics. Despite the slowdown, there are signs of improvement, including a rise in the household saving ratio and GDP per head.
Scotland's economy saw modest growth of 0.3% in July 2024, outperforming the stagnant UK economy. This follows a revised 0% growth (up from -0.3%) in June, contributing to a 0.3% increase in GDP for the three months leading to July. The manufacturing and information & communications sectors were
The UK economy has experienced a second consecutive month of stagnant growth in July, with GDP remaining flat.
Scotland's onshore GDP saw a slight decline of 0.3% in June, following a 0.2% growth in May. The overall picture for Q2 remains positive, with 0.6% growth, compared to Q1's 0.5%. The largest contribution to headline GDP in was electricity & gas supply, which contributed 0.3 percentage points to
The UK economy grew by 0.6% in the second quarter of 2024, matching expectations and marking a continued recovery from last year's recession. However, monthly GDP growth was flat in June due to poor weather impacting retail sales. Experts warn that challenges remain for sustaining long-term growth,
Scotland’s onshore GDP grew by 0.3% in May, following growth of 0.2% in April, according to statistics announced by the Chief Statistician. In the three months to May, GDP is estimated to have grown by 0.9% compared to the previous three month period. This indicates an increase relative to the
The UK's GDP grew 0.4% during May, leading experts to suggest the Bank of England may further delay a cut to the base rate.
UK economic growth in Q1 2024 was marginally stronger than initial estimates, revised upwards to 0.7% from 0.6%, according to the Office for National Statistics. National accounts for the first quarter showed the rise was fuelled by consumer spending and net trade, though slightly offset by weaker b
Scotland's economic growth came to a halt in April 2024, with onshore GDP remaining flat at 0%, according to the chief statistician.
The UK's GDP remained unchanged in April, but analysts believe the economy is still likely to grow at a decent pace in Q2.
Following growth of 0.1% in February, Scotland’s onshore GDP grew by 0.4% during March 2024, according to statistics announced by the Chief Statistician. In the first quarter of 2024 – the three months to March – GDP is estimated to have grown by 0.7% compared to the previous three
The UK economy has signalled a recovery after two years of stagnation as 0.6% growth was recorded for Q1. Growth in March surged by 0.4%, following a 0.2% rise in February, resulting in a quarterly growth of 0.6%. The expansion was predominantly driven by the services sector, with manufacturing also