FX.co ★ UK GDP Grows 0.2% in March

In March 2025, the British economy experienced a modest growth of 0.2% month-over-month, occurring just before an impending significant tax increase on employers and an expected global tariff announcement by President Trump. This growth followed a 0.5% rise in February, surpassing market predictions of stagnant growth. The services sector was the main contributor to this increase, with output climbing 0.4% after an unrevised 0.3% gain the previous month. Additionally, construction output saw improvement, advancing by 0.5% following a downwardly revised 0.2% boost in February. Nonetheless, industrial production saw a decline of 0.7%, partially offsetting the previous month's upwardly revised 1.7% gain. On an annual scale, the GDP expanded by 1.1%.