It surpasses the forecast.
The figures are important because a greater growth rate typically indicates that individuals are earning slightly more money, having more disposable income, and creating more jobs.
Prior to the statement, analysts predicted that the GDP will expand by 0.6% from January to March in comparison to the final three months of 2024.
People were willing to spend more than anticipated, as seen by the fact that the real figure is only slightly higher at 0.7%.
Spending on services like retail, hospitality, and finance in particular was robust, according to the Office for National Statistics (ONS), which calculates the statistic.
Additionally, the March 2025 growth figure exceeded projections.
