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UK economy contracts by 0.1% in January, contrary to growth forecasts, due to manufacturing and construction drops.
The UK economy shrank by 0.1% in January due to a drop in manufacturing and construction, despite predictions of a 0.1% growth.
Poor January weather partly caused this setback, but the ONS noted that the economy grew 0.2% over the three months to January, helped by the services sector.
Chancellor Rachel Reeves is set to address these challenges in her March 26 spring statement, amid rising borrowing costs and economic growth concerns.
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La economía del Reino Unido se contrae en enero en un 0,1%, en contra de las previsiones de crecimiento, debido a las caídas de la fabricación y la construcción.