UK Gross Domestic Product: Regularly updated data on growth and forecasts.Jump to full report >>
The economy grew by 0.1% in September-November 2019 compared to the previous quarter (June-August).
The services and production sectors were the positive contributors to GDP growth in September-November, although growth in services weakened to 0.1%. Output in the production sector contracted.
In the latest calender quarter (July-September 2019), the economy grew by 0.4%.
Looking at month-on-month growth rates, GDP contracted by 0.3% in November following growth of 0.1% in October and September. (These monthly figures are more volatile than the quarterly estimates.)
In cash terms, GDP was £2,140 billion in 2018.
At the March 2019 Spring Statement, the Office for Budget Responsibility (OBR) forecast growth of 1.2% for 2019 and 1.4% for 2020.
The Treasury’s January 2020 survey of independent forecasts for GDP growth showed an average forecast of 1.3% for 2019 and 1.1% for 2020.
Commons Briefing papers SN02783
Author: Andy Powell
Topic: Economic situation