GDP Monthly Estimate UK January 2023

10th March 2023

Monthly real gross domestic product (GDP) is estimated to have grown by 0.3% in January 2023, after falling by 0.5% in December 2022.

Looking at the broader picture, GDP was flat in the three months to January 2023.

The services sector grew by 0.5% in January 2023, after falling by 0.8% in December 2022, with the largest contributions to growth in January 2023 coming from education, transport and storage, human health activities, and arts, entertainment and recreation activities, all of which have rebounded after falls in December 2022.

Output in consumer-facing services grew by 0.3% in January 2023; this follows a fall of 1.2% in December 2022.

Production output fell by 0.3% in January 2023, following growth of 0.3% in December 2022.

The construction sector fell by 1.7% in January 2023 after being flat in December 2022.

Read the full ONS report at
https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/january2023