Weekly Economic and Construction Update – 14 October 2022
Date Published
Document Type
Category
Audience
Theme
Author
UK GDP fell by 0.3% in August after growth of 0.1% in July 2022 according to the ONS and the underlying three-month on three-month growth also fell by 0.3% in the three months to August compared with the three months to May.
Services fell by 0.1% in August 2022, after growth of 0.3% in July, due to falls human health and social work activities (NHS Test and Trace Vaccine programmes), and arts, entertainment and recreation activities of 1.3% and 5.0% respectively. These falls were partially offset by growth of 1.2% in professional, scientific and technical activities. Output in consumer-facing services fell by 1.8% in August 2022, after growth of 0.7% in July 2022.
Construction grew by 0.4% in August 2022, after growth of 0.1% in July with the increase in in 1.9% new work offsetting falls in repair and maintenance 2.0% during July.
Industrial production fell by 1.8% in August after a fall of 1.1% in July 2022 and was the main contributor to the fall in GDP, primarily due to a decrease of 1.6% in manufacturing.
I'm interested in:
Latest resources
Case studies
Design a timber pavilion which could be used as a shelter for a desperate marine, washed up like Robinson Crusoe on a deserted island, a structure which would be demountable and could double up as a means of transport.
The Woodland Trust is a charity devoted to the conservation of the UK’s woodland. Its new headquarters in Grantham, by Feilden Clegg Bradley Studios, aims to communicate the mission and values of the Trust and, in practical terms, to accommodate 200 workstations in open plan office space.