GDP Monthly Estimate UK - September 2023

10th November 2023

Monthly real gross domestic product (GDP) is estimated to have grown by 0.2% in September 2023, following growth of 0.1% in August 2023, revised down from growth of 0.2% in our previous publication.

Looking at the broader picture, GDP showed no growth in the three months to September 2023.

Services output rose by 0.2% in September 2023, driven by growth in professional, scientific and technical activities, and human health and social work activities, and was the main contributor to the growth in GDP; this follows growth of 0.3% in services output in August 2023, revised down from growth of 0.4% in our previous publication.

Output in consumer facing services fell by 0.2% in September 2023 after a fall of 0.7% in August 2023, revised down from a fall of 0.6% in our previous publication.

Production output showed no growth in September 2023 after falling by 0.5% in August 2023, revised up from a fall of 0.7% in our previous publication.

The construction sector grew by 0.4% in September 2023 after a fall of 0.8% in August 2023, revised down from a fall of 0.5% in our previous publication.

Output in the services sector rose by 0.2% in September 2023 and was the largest positive contributing sector to the growth in monthly GDP. Production output showed no growth and construction output grew by 0.4%.

Read the full report HERE