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The UK economy registered unexpected growth in the final three months of 2024, numbers on Thursday showed, boosted by the services sector.
The UK economy climbed 0.1% quarter-on-quarter in the three months to December, the Office for National Statistics said. Gross domestic product had been flat in the third-quarter from the second. The fourth-quarter reading defied expectations of a 0.1% fall, according to FXStreet-cited consensus.
GDP perked up ‘mainly because of growth in the services sector’, the ONS said.
In December alone, GDP improved 0.4% on-month, beating forecasts of a 0.1% rise. In November, GDP rose 0.1% from October.
Year-on-year, the UK economy rose 1.4% in the final-quarter, beating expectations of a 1.1% improvement.
The ONS said GDP rose 0.9% across the whole of 2024, growth picking up from 0.4% in 2023.
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