The gross domestic product in the United Kingdom grew by 1.1 percent in the three months to November 2021, beating market expectations of a 0.8 percent expansion and reflecting the strong performance of the services sector. Administrative and support service activities, human health and social work activities and transport and storage were the three largest contributors to the services sector growth. The ONS said quarterly GDP for the October-December 2021 period is seen either reaching or surpassing its pre-coronavirus level, as long as economic output does not fall by more than 0.2 percent in December. source: Office for National Statistics

Leading Economic Index in the United Kingdom averaged 0.47 percent from 1997 until 2021, reaching an all time high of 17.60 percent in September of 2020 and a record low of -19.20 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 January of 2022.

Leading Economic Index in the United Kingdom is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom GDP 3-Month Average is projected to trend around 0.30 percent in 2023 and 0.40 percent in 2024, according to our econometric models.

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United Kingdom GDP 3-Month Average


United Kingdom GDP 3-Month Average
GDP measures the value of goods and services produced in the UK. The reading refers to a three-month growth rate, which is a better indicator of the underlying growth in GDP as the monthly figure is likely to be more volatile. In this sense, the monthly release can be thought of as a monthly update on three months’ worth of data on the economy, rather than a figure representing the economy in just one month. Rolling three-month data is calculated by comparing growth in a three-month period with growth in the previous three-month period, for example growth in March to May compared with the previous December to February.
Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.90 17.60 -19.20 1997 - 2021 percent Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-10 07:00 AM Oct 0.9% 1.3% 1% 1.1%
2022-01-14 07:00 AM Nov 1.1% 0.9% 0.8% 1%
2022-02-11 07:00 AM Dec 1.1% 1.2%


Related Last Previous Unit Reference
Industrial Production Mom 1.00 -0.50 percent Nov/21
Industrial Production 0.10 0.20 percent Nov/21
Manufacturing Production 0.40 1.10 percent Nov/21
New Orders 12112.00 13364.00 GBP Million Sep/21
Changes in Inventories 4736.00 2996.00 GBP Million Sep/21
Corporate Profits 124619.00 128895.00 GBP Million Sep/21
Leading Economic Index 1.10 0.90 percent Nov/21
Mining Production -1.20 -3.80 percent Nov/21
Private Investment -2.50 8.30 percent Sep/21


News Stream
UK GDP Growth Beats Expectations in September-November
The gross domestic product in the United Kingdom grew by 1.1 percent in the three months to November 2021, beating market expectations of a 0.8 percent expansion and reflecting the strong performance of the services sector. Administrative and support service activities, human health and social work activities and transport and storage were the three largest contributors to the services sector growth. The ONS said quarterly GDP for the October-December 2021 period is seen either reaching or surpassing its pre-coronavirus level, as long as economic output does not fall by more than 0.2 percent in December.
2022-01-14
UK GDP Expands Slightly Less than Expected
The British economy expanded 0.9% in the 3 months to October of 2021, below 1.3% in the previous period and slightly lower than market forecasts of 1%. The growth was mainly due to the strong performance of the services (1.1%), largely reflecting the gradual easing of coronavirus restrictions in England, Scotland and Wales, including the reopening of accommodation and food service activities (15.7%) and arts, entertainment and recreation services (17.3%). Industrial production expanded 0.5%, mainly mining (25.5%) while manufacturing (-0.1%) and electricity, gas and steam (-6.2%) declined.
2021-12-10
UK Economy Grows 2.9% in June-August
UK gross domestic product expanded by 2.9 percent on quarter in the three months to August 2021, compared with market expectations of 3 percent, largely reflecting the gradual reopening of accommodation and food service activities and a rise in underlying human health activities. Considering August only, GDP advanced 0.4 percent, recovering from a slight contraction in July and leaving the economy 0.8 percent smaller than it was in February 2020. Services output grew by 0.3 percent on the back of consumer-facing services (1.2 percent). In addition, production output increased by 0.8 percent, mainly because of the continued increase in the extraction of crude petroleum and natural gas following the recent temporary closure of oil field production sites for planned maintenance. Construction contracted 0.2 percent.
2021-10-13