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.
There are no revisions to previously published data in this release because of the regular National Accounts revision policy. Data revisions from our pre-announced changes will be highlighted in our Impact of Blue Book 2023 article due to be published on 29 September, and in the next monthly GDP release (published on 12 October).
For July 2023, monthly real gross domestic product (GDP) is estimated to have fallen by 0.5%, with falls in all three main sectors, following growth of 0.5% in June 2023.
Looking at the broader picture, GDP increased by 0.2% in the three months to July 2023, with growth in all three main sectors.
UK gross domestic product (GDP) is estimated to have increased by an unrevised 0.2% in Quarter 2 (Apr to June) 2023.
UK GDP is now estimated to have increased by 0.3% in Quarter 1 (Jan to Mar) 2023, revised up from a previous estimate of 0.1%, while growth across all quarters of 2022 is unrevised.
In output terms, growth in the latest quarter was driven by a 1.2% increase in the production sector, where there were increases in 9 out of the 13 sub-sectors; this reflects falling input prices across the quarter relieving some pressure on manufacturers.
Quarterly economic activity within the countries of the UK (England, Wales, Scotland and Northern Ireland) and the nine English regions (North East, North West, Yorkshire and The Humber, East Midlands, West Midlands, East of England, London, South East and South West).