UK Q3 2019 GDP grows by 0.4% (QoQ) and grows 1.1% (YoY); Services, Production and Construction all grow; Business investment flat

UK gross domestic product (GDP) in volume terms was estimated to have grown by 0.4% in Q3 2019 compared to Q2 2019. Compared to Q3 2018, GDP grew 1.1% in Q2 2019.

Household consumption and net trade contributed positively, while gross capital formation and government expenditure contributed negatively to GDP growth in Q3 2019.

 

Services remained the strongest contributor to growth in the output approach to GDP in Q3 2019. Construction and production also contributed positively to growth.

All Sectors Grow
The output measure of gross domestic product (GDP) grew by 0.4% in Q3 2019.
Services output increased by 0.5% in Q3 2019, following the weakest quarterly figure in three years in the previous quarter (Q2 2019).
Manufacturing grew by 0.1% in Q3 2019, as did production output.
Construction output experienced a pickup following a weak Q2.
Business investment was flat in Q3 2019

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