The UK economy expanded 0.1% QoQ in the three months to December 2024 after showing no growth in the third quarter. The data beat the expected 0.1% decline in the reported period.
The UK GDP increased 1.4% year-on-year (YoY) in Q4 vs. 1.1% expected and 0.9% recorded in Q3.
The monthly UK GDP arrived at 0.4% in December, compared to a 0.1% increase in November, bettering the expectations of 0.1%.
Meanwhile, the Index of services (December) came in at 0.2% 3M/3M vs. 0% prior.
Other data from the UK showed that Industrial Production and Manufacturing Production grew 0.5% and 0.7%, respectively, over the month in December. Both indicators outpaced the estimates.
Upbeat UK GDP and industrial figures offered a fresh lift to the Pound Sterling. At the time of press, GBP/USD is trading 0.51% higher on the day at 1.2515.
Quarterly GDP for the UK rose 0.1% in Q4 vs. -0.1% forecast.
UK GDP arrived at 0.4% MoM in December vs. 0.1% anticipated.
GBP/USD regains 1.2500 after the UK GDP data.(Cay)
Source: Fxstreet
