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.

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United Kingdom GDP 3-Month Average

Actual Previous Highest Lowest Dates Unit Frequency
3.60 4.80 16.90 -18.80 1997 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-11 06:00 AM Apr 1.5% -1.5% 1.5% 1.2%
2021-07-09 06:00 AM May 3.6% 1.5% 3.9% 3.7%
2021-08-12 06:00 AM Jun 4.8% 3.6% 4.8% 5.1%
2021-09-10 06:00 AM Jul 3.6% 4.8% 3.8% 4%
2021-10-11 06:00 AM Aug 3.6% 2.5%
2021-11-11 07:00 AM Sep 1.5%
2021-12-10 07:00 AM Oct


News Stream
UK GDP Growth Below Forecasts
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.
2021-09-10
UK Economy Grows, Monthly GDP Beats Forecasts
UK gross domestic product expanded by 4.8 percent on quarter in the three months to June 2021, in line with market expectations, largely because of the performance of the service sector. Retail sales grew strongly in the latest three months, pupil attendance increased as schools reopened from March 2021, and food and beverage service activities also reopened. Considering June only, GDP advanced 1.0 percent, a fifth consecutive month of growth and slightly above forecasts of 0.8 percent. Services continued to be the main contributor to GDP’s recovery (1.5 percent vs 0.7 percent in May), mainly boosted by health activities and food and beverage services activities. Production output fell by 0.7 percent in June, as planned temporary closures for maintenance of oil field production sites once again hit output, while construction contracted for a third consecutive month.
2021-08-12
British GDP Growth Disappoints
The British economy grew 3.6% in the 3 months to May of 2021, the strongest growth since November but slightly less than market forecasts of 3.9%. Strong retail sales, increased levels of attendance as schools reopened from March, and the reopening of food and beverage service activities drove the expansion. Considering May only, when indoor areas of hospitality venues reopened, the economy advanced 0.8%, nearly half of market forecasts of a 1.5% gain. Accommodation and food service activities grew by 37.1%; the production sector returned to growth (0.8%), mainly because of adverse weather conditions in May boosting output in electricity, gas and air supply. In contrast, manufacture of transport equipment fell by 16.5%, its largest fall since April 2020 as microchip shortages disrupted car production and construction fell for a second consecutive month by 0.8%. Still, the British economy remains 3.1% below the pre-coronavirus pandemic levels seen in February 2020.
2021-07-09
UK Economic Recovery Gathers Pace
Britain's gross domestic product grew by 1.5 percent in the three months to April 2021, the first period of expansion since the October-December 2020 period and in line with market expectations. The rebound was mainly driven by services output, boosted by strong retail sales. On a month-on-month basis, GDP rose by 2.3 percent in April, the most since July 2020 and slightly beating forecasts of 2.2 percent as government restrictions affecting economic activity continued to ease. Still, April’s GDP remained 3.7 percent below the pre-pandemic levels seen in February 2020, however it is now 1.2 percent above its initial recovery peak in October 2020. The service sector grew by 3.4 percent, mostly on the back of consumer facing services; while output in the production sector fell by 1.3 percent, the first fall since January 2021. Also, the construction sector shrank by 2.0 percent following a strong March.
2021-06-11

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.