GDP monthly estimate UK - January 2025

14th March 2025

Monthly real gross domestic product (GDP) is estimated to have fallen by 0.1% in January 2025, mainly caused by a fall in the production sector, after growth of 0.4% in December 2024.

Real GDP is estimated to have grown by 0.2% in the three months to January 2025, compared with the three months to October 2024, mainly because of growth in the services sector.

Monthly services output grew by 0.1% in January 2025, following growth of 0.4% in December 2024, and grew by 0.4% in the three months to January 2025.

Production output fell by 0.9% in January 2025, following growth of 0.5% in December 2024, and fell by 0.9% in the three months to January 2025, with manufacturing output driving both the monthly and three-month falls.

Construction output fell by 0.2% in January 2025, following a fall of 0.2% in December 2024, but grew by 0.4% in the three months to January 2025.

Monthly GDP
Monthly real gross domestic product (GDP) is estimated to have fallen by 0.1% in January 2025 following growth of 0.4% in December 2024 and growth of 0.1% in November 2024 (Figure 1).

Real GDP is estimated to have grown by 0.2% in the three months to January 2025, compared with the three months to October 2024. Services grew by 0.4% over this three-month period, while production fell by 0.9% and construction grew by 0.4%.

Production output decreased by 0.9% in January 2025 and was the largest contributor to the fall on the month. Construction also fell in January 2025, by 0.2%, while services partially offset these falls with a 0.1% rise in output

Note that early estimates of GDP are subject to revision in future publications (positive and negative).

Looking over the longer term, GDP is estimated to have grown by 1.2% in the three months to January 2025, compared with the three months to January 2024. Over this period, services grew by 1.6%, while production fell by 1.8% and construction grew by 0.9%.

Compared with the same month a year ago, GDP is estimated to be 1.0% higher in January 2025.

Read he full ONS report HERE