The monthly UK real gross domestic product (GDP) is estimated to have fallen by 0.5 per cent in December last year, following an unrevised growth of 0.1 per cent in November. Annual GDP output is estimated to have grown by 4.1 per cent in 2022, following growth of 7.4 per cent in 2021. However, there was no growth in real GDP in the fourth quarter (Q4) last year.GDP was flat in the three months to December 2022.
The monthly UK real gross domestic product (GDP) is estimated to have fallen by 0.5 per cent in December 2022, following an unrevised growth of 0.1 per cent in November. Annual GDP output is estimated to have grown by 4.1 per cent in 2022, following growth of 7.4 per cent in 2021. However, there was no growth in real GDP in the fourth quarter (Q4) last year.
Production output grew by 0.3 per cent in December, following growth of 0.1 per cent (revised up from a 0.2 per cent fall) in November last year.
Monthly GDP is now estimated to be 0.5 per cent below its pre-COVID-19 levels of February 2020.
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