The UK economy grew 0.3 percent on average in the three months to August of 2019, following an upwardly revised 0.1 percent gain and above market expectations of a 0.1 percent increase. The main contributor to growth was the services sector, which expended by 0.4 percent. Meanwhile, the production sector fell by 0.4 percent, while construction output grew by 0.1 percent. Year-on-year, the economy expanded 1.1 percent, following an upwardly revised 1.3 percent rise in July and against market expectations of a 0.9 percent gain. 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 0.40 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 0.40 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
2019-07-10 08:30 AM GDP 3-Month Avg May 0.3% 0.4% 0.1% 0.1%
2019-08-09 08:30 AM GDP 3-Month Avg Jun -0.2% 0.2% 0% -0.1%
2019-09-09 08:30 AM GDP 3-Month Avg Jul 0.0% -0.2% -0.1% -0.1%
2019-10-10 08:30 AM GDP 3-Month Avg Aug 0.3% 0.1% 0.1% 0.1%
2019-11-11 09:30 AM GDP 3-Month Avg Sep 0.3% 0.5%
2019-12-10 09:30 AM GDP 3-Month Avg Oct 0.3%


United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence -32.00 -13.00 55.00 -75.00 Index Points [+]
Manufacturing PMI 48.30 47.40 61.50 34.40 [+]
Services PMI 49.50 50.60 62.50 40.10 Index Points [+]
Industrial Production -1.80 -1.10 22.60 -12.00 percent [+]
Industrial Production Mom -0.60 0.10 9.70 -7.80 percent [+]
Manufacturing Production -1.70 -0.90 19.60 -16.90 percent [+]
Capacity Utilization 79.00 80.70 85.20 38.00 percent [+]
New Orders 10922.00 11975.00 25109.00 9381.00 GBP Million [+]
Factory Orders -28.00 -13.00 21.00 -79.00 Net Balance [+]
Changes in Inventories -705.00 5530.00 11359.00 -9083.00 GBP Million [+]
Bankruptcies 4320.00 4212.00 6919.00 924.00 Companies [+]
Corporate Profits 111745.00 115312.00 115312.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -68.80 -80.60 61.00 -80.60 [+]
Car Production 92158.00 108239.00 185157.00 43773.00 Units [+]
Car Registrations 343255.00 92573.00 562337.00 33051.00 [+]
Small Business Sentiment -24.00 -13.00 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 -7.50 -5.90 855.60 -90.50 percent [+]
Leading Economic Index 0.30 0.10 1.90 -2.10 percent [+]
Private Investment -0.40 0.80 51.50 -11.40 percent [+]
Steel Production 563.00 645.00 2848.00 131.00 Thousand Tonnes [+]
Competitiveness Index 81.20 81.99 82.11 5.18 Points [+]
Competitiveness Rank 9.00 8.00 13.00 2.00 [+]
Composite Pmi 49.30 50.20 61.80 47.60 [+]
Crude Oil Rigs 14.00 16.00 32.00 3.00 [+]
Ease of Doing Business 9.00 7.00 11.00 5.00 [+]
Electricity Production 23402.00 24572.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.10 1.90 -2.10 1997 - 2019 percent Monthly
SA




Country Last Previous
Argentina 0.90 Aug/19
Australia -0.09 Sep/19
Brazil 0.07 Aug/19
Canada 0.00 Jul/19
Japan 91.70 Aug/19
Mexico 0.30 Jul/19
Russia 2.00 Sep/19
Singapore 108.10 Jun/19
South Africa 0.70 Jul/19
South Korea 114.90 Aug/19
Turkey 3.88 Aug/19
United Kingdom 0.30 Aug/19
United States 128.88 Aug/19


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