Monthly UK real gross domestic product (GDP) is estimated to have fallen by 0.3 per cent in March, after showing no growth in February and an increase of 0.5 per cent in January, according to the Office of National Statistics (ONS), which recently said the economy increased by 0.1 per cent in the first quarter this year.Production output grew by 0.7 per cent in March, which was its strongest monthly growth since May 2021, following a fall of 0.1 per cent in February.
The production sector grew by 0.1 per cent in Q1 2023, with a 0.5 per cent growth in manufacturing.
The UK Office of National Statistics estimates that the monthly real GDP fell by 0.3 per cent in March, after showing no growth in February and a rise of 0.5 per cent in January. The economy increased by 0.1 per cent in the first quarter this year. The production sector grew by 0.1 per cent in Q1, with a 0.5 per cent growth in manufacturing.
Compared with the same quarter a year ago, the implied GDP deflator rose by 6.3 per cent in Q1—an easing from 7.3 per cent in Q4 2022.
Fibre2Fashion News Desk (DS)
