Gross domestic product (GDP) estimates as the main measure of UK economic growth based on the value of goods and services produced during a given period. Preliminary, secondary and final estimates of GDP released over a quarter as data becomes available.
Gross domestic product (GDP) is estimated to have fallen by 0.6% in September 2022, after a fall of 0.1% in August 2022 (revised from a fall of 0.3% in our previous publication) driven by a fall in the services sector.
Looking at the quarterly picture, GDP fell by 0.2% in the three months to September 2022 compared with the three months to June 2022.
Services fell by 0.8% in September 2022 after growth of 0.1% in August 2022 (revised from a fall of 0.1% in our previous publication); the largest contribution to the fall came from a 3.2% fall in information and communication activity, and a 2.0% fall in wholesale and retail trade, and repair of motor vehicles and motorcycles.
The first quarterly estimate of UK gross domestic product (GDP) shows an estimated fall of 0.2% in Quarter 3 (July to Sept) 2022.
Monthly estimates published today (11 November 2022) show that GDP fell by 0.6% in September 2022 which was affected by the bank holiday for the State Funeral of Her Majesty Queen Elizabeth II, where some businesses closed or operated differently on this day.
In output terms, there was a slowing on the quarter for the services, production and construction industries; the services sector slowed to flat output on the quarter driven by a fall in consumer-facing services, while the production sector fell by 1.5% in Quarter 3 2022, including falls in all 13 sub-sectors of the manufacturing sector.
Datasets for each of the chapters in The Blue Book 2022 including the national accounts at a glance, financial and non-financial corporations, households and non-profit institutions serving households and summary supply and use tables.