January 2016 GDP estimates

Our monthly estimates of GDP suggest that output grew by 0.6 per cent in the three months ending in December 2015 after growth of 0.6 per cent in the three months ending in November 2015. This implies the UK economy expanded by 2.2 per cent in 2015. Although this is a moderation compared to the 2.9 per cent growth in 2014, it remains consistent with the economy growing at close to its long-run potential rate.