UK September monthly GDP -0.1% vs +0.2% m/m expected

  • Latest data released by ONS - 15 November 2024
UKGDP092024
  • Prior +0.2%
  • Services 0.0% vs +0.2% m/m expected
  • Prior +0.1%
  • Industrial output -0.5% vs +0.1% m/m expected
  • Prior +0.5%
  • Manufacturing output -1.0% vs -0.1% m/m expected
  • Prior +1.1%; revised to +1.3%
  • Construction output +0.1% vs +0.2% m/m expected
  • Prior +0.4%; revised to +0.6%

The poor showing in September, particularly the services sector, is what looks to have led to the drag in the quarterly estimate here. It's not a good look to the UK economy in the second half of the year, especially with conditions likely to keep as they are in Q4 as well.

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