The U.K. economy grew at a slightly slower pace in three months to January due to the weakness in the production sector, the National Institute of Economic and Social Research said Wednesday.
The monthly estimates of gross domestic product suggested that output climbed 0.4 percent in three months ending January compared to a 0.5 percent expansion in three months to December.
"Despite our estimates indicating a subdued start to 2016, we do expect the economy to grow by 2.3 per cent this year, primarily driven by consumer spending," James Warren, NIESR Research Fellow, said.
"However, negative contributions from net trade are expected to weigh heavily on growth. There exist a number of downside risks that have the potential to exacerbate this, should they materialise," added Warren.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.