The UK economy logged no growth in January, even before the onset of the conflict in the Middle East that created a significant oil supply shock.
Gross domestic product remained flat after rising 0.1 percent in December and 0.2 percent in November, the Office for National Statistics reported. Economists had forecast a monthly growth of 0.2 percent.
The dominant service sector registered no growth and industrial production edged down 0.1 percent. Meanwhile, the construction sector expanded 0.2 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.