GDP monthly estimate September 2023

GDP rose by an estimated 0.2% in September 2023, following revised growth of 0.1% in August 2023.
Overall, GDP showed no growth in the three months to September 2023.
Services grew 0.2% in September, with consumer-facing services falling 0.2% in the month. Production output showed no growth, while the construction sector grew by 0.4%.

UK GDP is estimated to have risen 0.2% in September

Source: ONS

Services (0.2%)

Service output grew 0.2% in September, following revised growth of 0.3% in August. Overall, the services sector contracted by 0.1% in the three months to September 2023 compared with the three months to June 2023.
The largest drivers of growth were Professional scientific and technical activities (0.8%) and human health and social work activities (1.0%).
The largest downward contribution was from wholesale and retail trade; repair of motor vehicles and motorcycles, which fell by 0.4% in the month.
Output in consumer-facing services fell by 0.2% in September. Overall, consumer-facing services output remained 4.9% below pre-pandemic levels (Feb 2020). All other services were 7.4% above.

Production (0.0%)

Production output showed no growth in September 2023, following a fall of 0.5% in August.
Mining & quarrying output fell by 2.2% in the month following growth of 3.1% in August.
Manufacturing grew by 0.1% in September after falling by 0.7% in August. Production output showed no growth in the three months to September.

Construction (0.4%)

Construction output increased by 0.4% in September.
In the three months to September, construction output increased by 0.1% compared with the three months to June.
The rise in monthly output was driven by a 2.1% decrease in repair and maintenance. Three out of the nine sectors saw an increase in the month.

GDP Sector Breakdown

Source: ONS