Onshore GDP fell after growing by 0.7% in October.

In the three months to November, GDP is estimated to have been flat (0.0% growth) compared to the previous three month period. This reflects a slight improvement during the final quarter of 2022 so far, after the upwardly revised fall of 0.1% in Quarter 3 (July to September) reported in today’s Quarterly National Accounts.

In November, output in the services sector, which accounts for around three quarters of the economy, is estimated to have remained flat (0.0% growth).

At the broad level, output in consumer facing services grew by 0.7%, while health, education and public services output grew by 0.5%, and output in all other services fell by 0.6%.

Overall output in production, construction and agriculture fell by 0.4% compared to the previous month, with growth of 1.1% in manufacturing offset by falls in other sectors.