Britain's GDP grew by 1.0 percent in the three months to December 2020, the least since the economic recovery began in the June-August period but beating market expectations of a 0.5 percent expansion. In December alone, the GDP increased by 1.2 percent, following a revised 2.3 percent decline in November and compared with forecasts of a 1.0 percent rise, as restrictions were eased early in the month in many parts of the UK. The largest contributor to this increase was accommodation and food service activities and other services, as the easing of restrictions across many parts of the UK in early December boosted demand for these consumer facing services. Health also contributed positively to growth, as a result of increased activity, mainly due to the coronavirus testing and tracing schemes across the UK. source: Office for National Statistics
Leading Economic Index in the United Kingdom averaged 0.42 percent from 1997 until 2020, reaching an all time high of 16.10 percent in September of 2020 and a record low of -18.20 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 February of 2021.
Leading Economic Index in the United Kingdom is expected to be -2.60 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 1.00 in 12 months time. In the long-term, the United Kingdom GDP 3-Month Average is projected to trend around 0.50 percent in 2022, according to our econometric models.