london skyline

United Kingdom GDP January 2020

United Kingdom: The economy flatlines in January

According to monthly GDP data released by the Office for National Statistics (ONS), economic activity was flat in January over the previous month in seasonally-adjusted terms (December: +0.3% month-on-month), below market expectations of 0.2% growth. This was despite improved sentiment and PMI readings early in 2020, and was driven by a contraction in construction and a slowdown in the services sector. In the three months to January, economic activity was also flat quarter-on-quarter. This suggests the economy was already in subdued shape before the impact of the coronavirus was felt.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest