May 10 (Reuters) – British GDP grew more strongly than expected in the first quarter of 2024 and in March, according to the first estimate from the Office for National Statistics (ONS) published on Thursday.
The British economy grew by 0.6% in the first quarter sequentially, after -0.3% in the previous quarter and against a consensus of 0.4%.
Over one year, gross domestic product (GDP) increased by 0.2% in the first quarter, against stable activity expected by the consensus and after a decline of 0.2% in the fourth quarter.
In March, GDP rose by 0.4% after an increase of 0.2% (revised) the previous month, while economists polled by Reuters forecast an increase of 0.1% on average.
Over one year, the British economy grew by 0.7% in March, against a consensus of 0.3% and after stability (revised from -0.2%) the previous month. (Written by Corentin Chappron, edited by Kate Entringer)
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