The British economy shrank 7.6% in the three months to July, following a record 20.4% plunge in the three months to June and compared to market forecasts of a 7.5% fall. Coronavirus restrictions on movement continued to dramatically reduce economic activity, with declines seen in all sectors. Considering July only, the economy advanced 6.6%, compared to forecasts of 6.7%. Education grew strongly as some children returned to school, while pubs, campsites and hairdressers all saw notable improvements. Car sales exceeded pre-crisis levels for the first time with showrooms having a particularly busy time. All areas of manufacturing saw improvements, while housebuilding also continued to recover. However, both production and construction remain well below previous levels. Despite the increase in July, economic output remains 11.7% below the levels seen in February 2020, before the full impact of the coronavirus pandemic.
Leading Economic Index in the United Kingdom averaged 0.28 percent from 1997 until 2020, reaching an all time high of 2 percent in September of 1999 and a record low of -20.40 percent in June of 2020. This page provides - United Kingdom Monthly GDP- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom GDP 3-Month Average - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Office for National Statistics
Leading Economic Index in the United Kingdom is expected to be 14.00 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 0.80 in 12 months time. In the long-term, the United Kingdom GDP 3-Month Average is projected to trend around 0.70 percent in 2021 and 0.50 percent in 2022, according to our econometric models.