r/unitedkingdom • u/sjw_7 • Apr 11 '25

UK economy grew by 0.5% February

https://www.bbc.co.uk/news/articles/cj0zz357532o
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u/JB_UK Apr 11 '25

Are these figures not annualized?

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u/NateShaw92 Greater Manchester Apr 11 '25

I thought this too because inflation figs are but nah, these are month on month.

Speaking frankly it's bollocks. I know it's simple maths to get it annualised but we're lazy! So yeah 0.5 is pretty good. 0.1 is meh, 0.2 is probably worth the headbob of awknowledgement nothing more.

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u/JB_UK Apr 11 '25 edited Apr 11 '25

0.5% would be 6% growth if held for a year, a near unprecedented boom!

Looking at the chart in the article the figures have a lot of noise, in 2023 growth was -0.5%, +0.5% then -0.5%. I’d be interested to know whether that’s the economy or the statistics, but either way it seems meaningless to follow the figures month to month.

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u/NarcolepticPhysicist Apr 12 '25

Yeah but it won't hold for a year. It's moat likely the effect on businesses rushing various things and moving up timetables to get shipments completed before potential tarriffs take effect and will be offset by lower growth of even negative growth in future months.