GDP monthly estimate: August 2022

Total output in the services sector, which accounts for around three quarters of the economy, is estimated to have fallen by 0.3% in August. Within services, at the broad level, output in consumer facing services fell by 2.4%.

Output in health, education and public services fell by 0.4% in August, after falling in quarter 2, mostly due to further reductions in NHS test and trace and vaccination activities.

Output across all other services grew by 0.3% in total, with increases led by a 2.7% increase in professional, scientific and technical services output.

Overall output in production, construction and agriculture fell by 0.1% compared to the previous month, primarily due to a fall of 2.1% in water and waste management production.

Within production, manufacturing output remained flat (0.0% growth) in August, with increased levels of output in three of the seven subsectors. Manufacturing continues to be quite volatile from month to month, with output remaining below the level seen in 2019.

Construction output is estimated to have grown by 0.3% in August, after remaining flat (0.0% growth) in July.