UK Economy Shrank 0.5% MoM in July 2023

13 September 2023

For July 2023, monthly real gross domestic product (GDP) is estimated to have fallen by 0.5%, with falls in all three main sectors, following growth of 0.5% in June 2023. GDP increased by 0.2% in the three months to July 2023.

Services output was down 0.5% in July 2023, after growth of 0.2% in June 2023, and was the main contributor to the fall in GDP in July. Production output fell by 0.7% in July 2023, after growth of 1.8% in June 2023. The construction sector fell by 0.5% in July 2023, after growth of 1.6% in June 2023.
 
Source: Office for National Statistics
 
Post by: Republic of Türkiye Ministry of Trade