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GDP first quarterly estimate, UK: January to March 2023
The first quarterly estimate of UK real gross domestic product (GDP) shows that the economy increased by 0.1% in Quarter 1 (Jan to Mar) 2023. Monthly estimates published today (12 May 2023) show that GDP fell by 0.3% in March 2023, following an increase of 0.5% in January 2023 (revised up from 0.4% in the previous publication) and no growth in February 2023. In output terms, the services sector grew by 0.1% on the quarter driven by increases in information and communication, and administrative and support service activities; elsewhere, the construction sector grew by 0.7% while the production sector grew by 0.1%, ... (full story)