london skyline

United Kingdom GDP April 2023

United Kingdom: Economic activity rebounds in April

GDP grew 0.2% in month-on-month seasonally-adjusted terms in April, which contrasted March’s 0.3% decrease and was in line with market expectations. April’s reading was largely driven by a rebound in the services sector. In contrast, manufacturing and construction activity fell.

On a rolling quarterly basis, GDP increased 0.1% in February–April, matching January–March’s uptick.

Looking ahead, GDP in May will be weighed on by the extra bank holiday in the month for the King’s coronation. As such, underlying momentum will be brighter than the headline reading suggests. That said, stubborn inflation, rising interest rates and the competitiveness losses stemming from Brexit will continue to cap activity.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest