Skip to main content

Economy in brief: September 2024

Alpesh Paleja Interim Deputy Chief Economist, CBI

Your September guide to the UK economy, giving you a monthly overview of the major trends impacting the UK's main business sectors.

16 Sep 2024, 3 min read

A lopsided recovery

The UK economy stagnated in July, with GDP staying flat for the second month running. However, month-on-month growth rates carry more noise than signal. On a three month-on-three month basis, GDP rose by a healthy 0.5%. So far, this confirms that momentum will be maintained into the second half of 2024, albeit at a slower pace than the above-trend growth registered in H1.

However, it’s worth noting that the UK’s recovery so far has been a tad lopside

Exclusive My CBI member-only content Exclusive My CBI member-only content

Already a member? Sign in
  • Access a member exclusive site

    Access a member exclusive site

    CBI members benefit from the latest economic and political intelligence, thought leadership, practical guides and other exclusives - all on one digital platform

  • Make informed business decisions

    Make informed business decisions

    Scan the horizon and anticipate risks and opportunities, from economic downturns to policy change, with unparalleled intelligence from our experts

  • Gain ideas and inspiration

    Gain ideas and inspiration

    Share challenges and ideas with – and borrow brilliance from – a community of business leaders and experts, and grow your profile among peers

Become a CBI member

My CBI is packed with the latest intelligence and policy updates, as well as inspirational thought leadership and helpful guides designed to support your business to grow. Become a CBI member today to gain access. 

Become a member