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June 30, 2023UK GDP Q1 (REVISED) 2023 
The Office for National Statistics (ONS) revised estimate of UK Gross Domestic Product (seasonally adjusted annualized rate) for Q1 2023 reported an increase of 0.6%, up one percentage point from initial estimates. Compared to pre-pandemic quarter (Q4 2019), the UK economy is 0.5% smaller in Q1 2023.
Services output was up 0.1% in Q1 2023 (quarterly growth), with positive contributions from administrative and support service activities and information and communications industries. Production activity increased 0.1% (manufacturing revised to +0.6% from +0.5%) while construction output was revised to 0.4% (previously +0.7%) in Q1 2023.
Source: Office for National Statistics
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