UK GDP is estimated to have shown no growth in July after also showing no growth in June; services output edged up 0.1% led by the information and communication subsector, production output fell by 0.8% driven by manufacturing: ONS

LONDON , September 11, 2024 (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 shown no growth in July 2024, after also showing no growth in June 2024.
• Real GDP is estimated to have grown by 0.5% in the three months to July 2024 compared with the three months to April 2024, with widespread growths in the services sector in this period.
• Services output grew by 0.1% in July 2024, following a decrease of 0.1% in June 2024, and grew by 0.6% in the three months to July 2024.
• Production output decreased by 0.8% in July 2024, following a growth of 0.8% in June 2024, and decreased by 0.1% in the three months to July 2024.
• Construction output decreased by 0.4% in July 2024, following a growth of 0.5% in June 2024, but grew by 1.2% in the three months to July 2024, its first positive three-month growth since September 2023.
• There are no revisions included in this monthly release in accordance with the National Accounts revision policy; data revisions up to 2022, as announced in our Blue Book 2024: Advanced aggregate estimates release, and any additional updates to data from 2023 onwards, will be published in our monthly GDP release on 11 October 2024.

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