UK real GDP up estimated 0.1% QoQ in Q3 2024, down 0.1% MoM in Sept

17 Nov '24

1 min read

UK real GDP up estimated 0.1% QoQ in Q3 2024, down 0.1% MoM in Sept

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UK real GDP is estimated to have grown by 0.1 per cent quarter on quarter in Q3 2024, primarily because of growth in retail trade, excluding motor vehicles and motorcycles, and new construction work, official statistics show.
Monthly real GDP is estimated to have fallen by 0.1 per cent in September this year, largely due to drops in manufacturing output and information and communication services.

UK real gross domestic product (GDP) is estimated to have grown by 0.1 per cent quarter on quarter (QoQ) in the third quarter (Q3) this year, primarily because of growth in retail trade, excluding motor vehicles and motorcycles, and new construction work, according to the Office of National Statistics (ONS).

Monthly real GDP is estimated to have fallen by 0.1 per cent in September this year, largely because of declines in manufacturing output and information and communication services, after unrevised growth of 0.2 per cent in August.

Production output fell by 0.5 per cent in September, mainly because of a fall in manufacturing output, following an unrevised growth of 0.5 per cent in August 2024; it fell by 0.2 per cent QoQ in Q3 2024, an ONS release said.

Construction output grew by 0.1 per cent in September 2024, following a revised growth of 0.6 per cent in August 2024 (this figure was 0.4 per cent growth in the last ONS bulletin); it grew by 0.8 per cent QoQ in Q3 2024.

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