Monthly GDP GDP in January

UK economy unexpectedly declined by 0.1% a month in January, in January, Official data showed Friday.

The British National Statistics Office stated that the fall was mainly related to the reduction in the production sector.

Economists interviewed by Reuters expected the country’s GDP to grow by 0.1%.

At 7:35 am in London, shortly after the data release British pound It decreased by approximately 0.15% to the dollar to trade of $ 1.293. Sterling was equal against the euro.

Meanwhile, long -term public costs are borrowed Earlier this year arose up to several decadesRose. Yield on 20-year-old government bonds – Known as Gilts – Added 2 basic points while 30-year-old gilded yield There were 4 basic points.

In January, the entry into the services was 0.1% a month, but noted the slowdown from 0.4% of the December campaign. Production production decreased by 0.9% per month, after record by 0.5% in the previous month. The monthly construction conclusion, meanwhile, decreased by another 0.2%in January, after also shed 0.2%in December.

In the fourth quarter, the UK economy grew by 0.1%, winning expectations ons data shown last month. It Tandow in the third quarter.

GDP monthly data has been checked with a reduction of 0.1% in October, in October, Extension by 0.1% in November and 0.4% per month expansion in December due to the growth of services and production.

GDP release on Friday will be the latest press press before the “UK spring statement” on March 26, when Chancellor Rachel Reivz presents an update on her British economy plans.

The statement was published together with economic forecasts in budgetary responsibility, independent economic and financial forecasters, which evaluates the likely impact of taxes and government expenses.

There were problems Fiscal Treasury plansLast fall and increased tax burden on the British business can weigh investment, jobs and growth. Reivz defended his taxes, saying that they are one -time measures and necessary to increase investment in public services.

In February, the Bank of England lowered its first interest rate, signaling further cuts, when it halved the UK growth forecast for 2025 from 1.5% to 0.75%.

Next week, the markets are widely expected that the Bank of England will be steadily at 4.5% at a session of the Foreign Policy Committee, showed LSEG data on Friday.

The Central Bank has stated that he would judge how to balance the need to increase the growth with the inflation, which presents US President Donald Trump’s trade tariffs. The UK has not yet been targeted, but its exports of the USA in the United States fall under the blanket by 25% of Trump’s import duties.

In the note on Friday, Paul Dales, the chief economist of the UK, said the data emphasized the weakness in the British economy before the impact of business tax and geopolitical uncertainty was fully established.

“Most of the weakness is just a payback from the amazing GDP growth by 0.4% m/m in December,” he said. “In other words, December’s figures made the economy stronger than it really is, and January makes it look a little weaker. The truth is probably that the main growth rate is slightly higher than zero.”

He added that although there were tariffs for US President Donald Trump’s Councils and Aluminum Only came into force this weekThey could already affect the UK economy.

“The drop in production of 1.1% m/m was partly by reducing metals by 3.3% m/m,” he explained. “This may be associated (tariffs) as they were assumed for a while.”

Speaking to Parliament on Wednesday, UK Prime Minister Keir Starmer told the politicians He hoped the UK could still avoid Trump’s protectionist policy.

“I am disappointed, seeing global tariffs for the steel and aluminum, but we will accept a pragmatic approach,” he said. “We negotiate an economic transaction that covers and will include tariffs if we succeed, but we will keep all the options on the table.”