UK GDP Surprises with 0.3% Growth in March, Driven by Services Sector
The UK economy experienced a 0.3% growth in GDP for March 2026, defying expectations of a 0.2% contraction. This growth, although slower than February's 0.4%, was primarily driven by the services sector, particularly information and communication, which saw a 1.1% increase. Other contributors included accommodation and food services, and human health and social work activities. However, the wholesale and retail trade sector saw a decline, along with a slight drop in production. On an annual basis, GDP rose by 1.2%, marking the strongest growth since July of the previous year. 
