The UK economy grew 0.3 percent on average in the three months to February of 2019, the same as in the three months to January and beating market expectations of 0.2 percent. The services sector was the largest contributor to growth, expanding by 0.4 percent and the production sector had a small positive contribution, growing by 0.2 percent. Meanwhile, the construction sector shrank by 0.6 percent. Considering February only, the GDP advanced 0.2 percent, easing from a 0.5 percent expansion in January, mainly due to a slowdown in services, production, manufacturing and construction and a contraction in the agricultural sector. Year-on-year, the economy expanded 2 percent, higher than a 1.5 percent in January and market forecasts of 1.7 percent. Leading Economic Index in the United Kingdom averaged 0.49 percent from 1997 until 2019, reaching an all time high of 1.90 percent in September of 1999 and a record low of -2.10 percent in January of 2009.

Leading Economic Index in the United Kingdom is expected to be 0.30 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 0.30 in 12 months time. In the long-term, the United Kingdom GDP 3-Month Average is projected to trend around 0.60 percent in 2020, according to our econometric models.

United Kingdom GDP 3-Month Average
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-11 09:30 AM GDP 3-Month Avg 0.3% 0.4% 0.3% 0.3%
2019-02-11 09:30 AM GDP 3-Month Avg 0.2% 0.3% 0.3% 0.3%
2019-03-12 09:30 AM GDP 3-Month Avg 0.2% 0.2% 0.2% 0.2%
2019-04-10 08:30 AM GDP 3-Month Avg 0.3% 0.3% 0.2% 0.1%
2019-05-10 08:30 AM GDP 3-Month Avg 0.3% 0.4%
2019-06-10 08:30 AM GDP 3-Month Avg 0.4%
2019-07-10 08:30 AM GDP 3-Month Avg 0.3%


United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence -23.00 -16.00 55.00 -75.00 Index Points [+]
Services PMI 48.90 51.30 62.50 40.10 Index Points [+]
Manufacturing PMI 55.10 52.10 61.50 34.40 [+]
Industrial Production 0.10 -0.30 22.70 -11.90 percent [+]
Industrial Production Mom 0.60 0.70 9.90 -8.00 percent [+]
Manufacturing Production 0.60 -0.70 19.60 -16.90 percent [+]
Capacity Utilization 81.30 80.20 85.20 38.00 percent [+]
Factory Orders 1.00 6.00 21.00 -79.00 Net Balance [+]
New Orders 10747.00 11075.00 25109.00 9381.00 GBP Million [+]
Changes in Inventories 4241.00 2410.00 11295.00 -11441.00 GBP Million [+]
Bankruptcies 4725.00 4308.00 6509.00 924.00 Companies [+]
Corporate Profits 112291.00 114178.00 114178.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -62.00 -57.00 61.00 -77.20 [+]
Car Production 123203.00 120649.00 185157.00 43773.00 Units [+]
Car Registrations 458054.00 81969.00 562337.00 33051.00 [+]
Small Business Sentiment -31.00 -18.00 40.00 -69.00 [+]
Internet Speed 16920.86 16337.23 16920.86 3085.89 KBps [+]
IP Addresses 27493519.00 26782989.00 27493519.00 13305856.00 IP [+]
Mining Production 4.90 2.90 854.60 -90.50 percent [+]
Leading Economic Index 0.30 0.30 1.90 -2.10 percent [+]
Private Investment -0.90 -0.60 63.70 -33.70 percent [+]
Steel Production 485.00 520.00 2848.00 131.00 Thousand Tonnes [+]
Competitiveness Index 81.99 82.11 82.11 5.18 Points [+]
Competitiveness Rank 8.00 6.00 13.00 2.00 [+]
Composite Pmi 50.00 51.40 61.80 47.60 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 32455.00 29953.00 38520.00 16152.00 Gigawatt-hour [+]
Corruption Index 80.00 82.00 87.00 74.00 Points [+]
Corruption Rank 11.00 8.00 20.00 8.00 [+]


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. This page provides - United Kingdom Monthly GDP- actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom GDP 3-Month Average - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 1.90 -2.10 1997 - 2019 percent Monthly
SA




Country Last Previous
Argentina -1.50 Mar/19
Australia 0.20 Mar/19
Brazil -0.73 Feb/19
Canada 0.30 Jan/19
Japan 97.40 Feb/19
Mexico 1.30 Jan/19
Russia 0.60 Mar/19
Singapore 112.00 Dec/18
South Africa -1.80 Jan/19
South Korea 113.50 Feb/19
Turkey 0.36 Mar/19
United Kingdom 0.30 Feb/19
United States 125.56 Feb/19


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