UK December monthly GDP -0.1% vs -0.2% m/m expected

  • Latest data released by ONS - 15 February 2024
UKGDP
  • Prior +0.3%; revised to +0.2%
  • GDP 0.0% vs +0.3% y/y expected
  • Prior +0.2%

On the month, services output was down 0.1% while industrial output and manufacturing output were up 0.6% and 0.8% respectively. Meanwhile, construction output was down by 0.5% in December. In terms of monthly contribution, services was down 0.12% and construction down 0.03%. That is slightly offset by production, which was up 0.07%.

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