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GDP monthly estimate, UK: March 2023
Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023, after showing no growth in February 2023 (unrevised from our previous publication). Looking at the broader picture, GDP grew by 0.1% in the three months to March 2023. The services sector fell by 0.5% in March 2023, after an unrevised fall of 0.1% in February 2023, and was the main contributor to the fall in monthly GDP. Output in consumer facing services fell by 0.8% in March 2023, after unrevised growth of 0.4% in February. Production output grew by 0.7% in March 2023, which was its strongest monthly growth since May 2021, ... (full story)
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