In our previous GDP tracker, published on 11 August, we observed that monthly GDP grew by 0.5 per cent in June, driven both by a weaker-than-normal May performance due to the extra bank holiday, as well as stronger-than-expected growth in production and construction. As a result of these positive surprises to the June data, the quarterly data also came out stronger than expected: GDP grew by 0.2 per cent in the second quarter of this year, compared to our July forecast of no growth. The forthcoming 2023 Blue Book will contain revisions to GDP estimates in 2020 and 2021 that will affectthe current level of GDP. Annual ... (full story)