Britain's gross domestic product grew by 8.0 percent in the three months to August 2020, recovering from five consecutive periods of contraction but missing market expectations of an 8.2 percent expansion. The services sector grew by 7.1 percent, production by 9.3 percent and construction by 18.5 percent, as lockdown measures continued to ease. On a monthly basis, the economy grew by 2.1 percent, the fourth consecutive monthly increase following a record fall of 19.5 percent in April. Still, output remained 9.2 percent below the levels seen in February, before the full impact of the coronavirus pandemic. source: Office for National Statistics
Leading Economic Index in the United Kingdom averaged 0.29 percent from 1997 until 2020, reaching an all time high of 8 percent in August of 2020 and a record low of -19.80 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 October of 2020.
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. Looking forward, we estimate Leading Economic Index in the United Kingdom to stand at 0.60 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.