top of page
  • Writer's pictureLiveWebChat

UK Economic Performance in Q1 2024: A Snapshot

The UK economy experienced a mix of challenges and positive developments in the first quarter of 2024. Here are the key points:


GDP Growth and Technical Recession:


Sectoral Performance:

  • In output terms, all three main sectors experienced declines in Q1 2024:

  • Services: Decreased by 0.1%

  • Production: Declined by 1.1%

  • Construction: Fell by 0.9%2.

  • These sectoral challenges contributed to the overall economic performance during the quarter.


Expenditure Trends:


Inflation and Income:


International Comparisons:


While the UK faced economic headwinds in certain sectors, the signs of recovery and the exit from the technical recession offer hope for sustained growth. Policymakers and businesses will closely monitor these trends as the year progresses.

Here at Live Web Chat, we believe that they key to growth is exceptional customer service. We support many small and medium businesses, saving them time and money by providing real trained staff to answer chats directly on their websites on their behalf. What’s even better, is that we can offer businesses the flexibility they need in an ever changing market,


Contact us today to find out more about how Live Web Chat can help you convert website visitors into paying clients. You can find out more about what we offer on our website, or by calling us on 01273 741113.



bottom of page