UK GDP grew by 3.6% in the three months to July, slightly below market expectations of 3.8%, largely because of the performance of the services sector. This partly reflected the gradual reopening of accommodation and food service activities, and non-essential stores, as well as the increase in school attendance. Considering July only, GDP expanded by just 0.1%, missing forecasts of 0.6% and remaining 2.1% below its pre-pandemic level. Production output was the main contributor to GDP growth, due to the reopening of an oil field production site, which was previously temporarily closed for planned maintenance. Meanwhile, construction contracted for a fourth consecutive month and services output remained broadly flat as output in consumer-facing services fell for the first time since January mainly because of a decline in retail sales. Arts, entertainment and recreation activities surged, reflecting the easing of restrictions on social distancing from July 19. source: Office for National Statistics
Leading Economic Index in the United Kingdom averaged 0.44 percent from 1997 until 2021, reaching an all time high of 16.90 percent in September of 2020 and a record low of -18.80 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 2021.
Leading Economic Index in the United Kingdom is expected to be 1.50 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 0.90 percent in 2022 and 0.50 percent in 2023, according to our econometric models.