UK GDP is estimated to have increased 0.2% in September following an increase of 0.1% in August; services output up 0.2% led by professional, scientific and technical activities, production output was flat following a decline of 0.5% in August: ONS

Sample article from our Housing & Economy

LONDON , November 10, 2023 (press release) –

Gross domestic product (GDP) measures the value of goods and services produced in the UK. It estimates the size of and growth in the economy.

Main points

  • 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.

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.


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