IoD – Cautious consumers and global headwinds hinder growth in January

Commenting on ONS data that shows GDP fell by 0.1% in January 2025, following growth of 0.4% in December, Anna Leach, Chief Economist at the Institute of Directors, said: “January’s growth disappointment was driven by a broad-based decline in manufacturing. The ONS highlight weakness in the manufacture of motor vehicles, who are facing profound trade uncertainty on…