- Prior +0.8%
- GDP +1.0% vs +0.9% 3m/3m expected
- Prior +1.1%
Overall economic growth on the month was rather flattish with services (+0.13%) contributing, offset against production (-0.08%) and construction (-0.01%). Throw in more uncertainty stemming from higher inflation and a cost-of-living crisis, that will add to the woes in the months ahead. Just for added context, at least UK monthly GDP is now 1.5% above its pre-pandemic i.e. February 2020 level:
