The UK economy grew on average 0.4 percent in the three months to October of 2018, following a 0.6 percent expansion in the three months to September and in line with market expectations. The services sector added 0.23 percentage points to the growth, advancing 0.3 percent (vs 0.4 percent in September), driven by information and communication (1.7 percent) and professional activities (1.3 percent). Additionally, the industrial sector expanded 0.3 percent (vs 0.8 percent) and construction went up 1.2 percent (vs 2.1 percent). Leading Economic Index in the United Kingdom averaged 0.49 percent from 1997 until 2018, reaching an all time high of 1.90 percent in September of 1999 and a record low of -2.10 percent in January of 2009.
Leading Economic Index in the United Kingdom is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in the United Kingdom to stand at 0.50 in 12 months time. In the long-term, the United Kingdom GDP 3-Month Average is projected to trend around 0.50 percent in 2020, according to our econometric models.