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GDP monthly estimate, UK: June 2023
Monthly real gross domestic (GDP) is estimated to have grown by 0.5% in June 2023, following a fall of 0.1% in May 2023 and growth of 0.2% in April 2023, both unrevised from the previous publication. A range of businesses cited the additional bank holiday in May as a reason for increased output in June 2023 compared with May 2023. Looking at the broader picture, GDP has shown 0.2% growth in the three months to June 2023. Production output grew by 1.8% in June 2023 after a fall of 0.6% in May 2023, unrevised from the previous publication; this sector was the main contributor to the growth in monthly GDP in June. The ... (full story)