GDP growth

GDP grows by 0.6% – industry reaction

15th May 2026 Commercial Credit Management | #GDP growth

The UK economy grew by 0.6 per cent in the first quarter of the year, the fastest rate of growth in a year, according to the Office for National Statistics (ONS). Growth was driven primarily by the services sector, which rose 0.8 per cent over the period. The ONS data also reported that GDP grew…

GDP grew by 0.4% in June – industry reaction

15th August 2025 Commercial Credit Management | #GDP growth

Latest ONS data has shown that GDP rose 0.4% month-on-month in June, following a 0.1% fall in May. The market had expected 0.1% growth GDP rose 0.3% in the quarter, versus market expectations of 0.1% growth, with services output growing by 0.3% month-on-month. Construction output grew 0.3% month-on-month whilst Production output grew 0.7% month-on-month. ONS…

GDP growth flatlines – industry reaction

12th September 2024 Commercial Credit Management | #GDP growth

The UK economy unexpectedly failed to grow for the second month running in July with quarterly growth of 0.5% after also flatlining in June, according to the Office for National Statistics (ONS). The monthly result reflects a modest rise in services output which was more than offset by declines in both Production and Construction Anna…

CBI upgrades GDP growth forecast

10th June 2024 Commercial Credit Management | #GDP growth

The UK economy is ‘picking up steam’ as households start to feel better off, according to a new forecast from the Confederation of British Industry (CBI). The CBI has upgraded its GDP growth forecast for this year from 0.8% to 1% and for next year from 1.6% to 1.9%, nearing pre-pandemic levels. Falling inflation is…

GDP grew by 0.3% in January – industry reaction

13th March 2023 Commercial Credit Management | #GDP growth

Figures from the Office for National Statistics (ONS) show that the economy expanded by 0.3% in January, with the rebound following a 0.5% contraction in December. While the data shows month-on-month growth, the economy stagnated in the November to January period compared with the previous three months. The report also showdc that January saw a…

Quarterly GDP shrinks by 0.1% – industry reaction

15th August 2022 Commercial Credit Management | #GDP growth

The UK economy shrank 0.1% in the second quarter (Q2), data from the Office for National Statistics (ONS) shows. The data also shows that the economy contracted by 0.6% in June. The decline over Q2 was partly attributed to the test and trace and vaccine programmes coming to an end, a fall in retail sales…

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