| Actual | Previous | |
| Month over Month | 0.0% | 0.1% |
| 3-Months over 3-Months | 0.2% | 0.1% |
Highlights
After modest growth of 0.2 per cent in November and 0.1 per cent in December 2025, GDP showed no growth in January 2026. The halt in momentum indicates that the recovery path remains fragile. Sectoral dynamics show a mixed economic structure.
The services sector (typically the primary driver of economic activity) recorded no growth, signalling a pause in demand within consumer and business services. Meanwhile, production contracted slightly by 0.1 percent, hinting at ongoing industrial pressures, possibly linked to energy costs, weak external demand, or inventory adjustments. Construction was the only sector showing positive movement, expanding by 0.2 percent, though this modest improvement contrasts with its broader weakness in recent months.
Looking at the three-month perspective, the economy presents a slightly more encouraging picture. Real GDP grew 0.2 percent compared with the previous three-month period, suggesting that underlying activity has not completely stalled. Production was the strongest contributor, expanding by 1.3 percent, while services posted a mild 0.2 percent increase. However, construction output continues to fall, contracting 2.0 percent, marking a sustained downturn in the sector.
In summary, the latest GDP updates suggests an economy experiencing slow, uneven growth, where gains in manufacturing are offset by persistent weaknesses in construction and subdued expansion in services.
Definition
Gross domestic product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy. The monthly report is based on output data only as the income and expenditure series are not available.
Description
GDP covers all aspects of economic activity. Investors need to closely track the economy because it usually dictates how investments will perform. Stock market investors like to see healthy economic growth because robust business activity translates to higher corporate profits. GDP contains a treasure-trove of information which not only paints an image of the overall economy, but tells investors about important trends within the big picture. However, the monthly report is quite limited and only provides data on the main output sectors. More detailed information is available in the quarterly reports.