About the data
The UK’s economy grew by 1.2% in the first quarter of 2023 after also growing by 2% in the fourth quarter of 2022. The third quarter of 2020 the UK had a record growth of 12.3% which followed a contraction in the first and second quarters of 2020 (1.4% and 15% respectively). The GDP figures helped to estimate the impact of the coronavirus (COVID-19) pandemic upon the economy, or more specifically, the impact of societal restrictions imposed to reduce the transmission of the virus. During this period UK was officially in a technical recession (defined as two consecutive quarters of negative growth).
GDP fell by 0.1% in May 2023, but grew in the following month with 0.5%, (June 2023), whereas in June 2022 it fell by 0.7%.
The Production sector saw the greatest change in GDP between May and June 2023 with an increase of 1.8%, closely followed by the construction sector with a growth to 1.6%
Source: ONS, Gross Domestic Product (GDP), 2023