UK gross domestic product (GDP) is estimated to have grown by 0.1% in Quarter 4 (Oct to Dec) 2024, following no growth in the previous quarter. The services sector increased by 0.2% in output terms for Quarter 4 2024; construction also grew, by 0.5%, while production fell by 0.8%. There were falls in expenditure terms in net trade and gross fixed capital formation for Quarter 4 2024 that were offset by a large increase in change in inventories. Nominal GDP is estimated to have increased by 1.1% in Quarter 4 2024, mainly driven by an increase in compensation of employees. Real GDP per head is estimated to have fallen ... (full story)