The UK economy shrank by 2.0 percent in the three months to March 2020, after showing no growth in the previous period and compared to market consensus of a 2.6 percent contraction. That was the steepest decline in the GDP since the fourth quarter of 2008 due to the effects of the coronavirus pandemic and the government measures taken to reduce transmission of the virus, including the introduction of restrictions in movement across the UK from March 23rd. The services sector fell by 1.9 percent, production by 2.1 percent and construction by 2.6 percent. On a monthly basis, the economy contracted 5.8 percent, the biggest monthly fall since the series began in 1997.

Leading Economic Index in the United Kingdom averaged 0.50 percent from 1997 until 2020, reaching an all time high of 2 percent in September of 1999 and a record low of -2 percent in November of 2008. 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 June of 2020. source: Office for National Statistics

Leading Economic Index in the United Kingdom is expected to be -26.00 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 0.70 percent in 2021 and 0.50 percent in 2022, according to our econometric models.

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United Kingdom GDP 3-Month Average

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 0.00 2.00 -2.00 1997 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-11 09:30 AM Dec 0% 0.1% 0% 0.0%
2020-03-11 09:30 AM Jan 0% 0% 0.1% 0%
2020-04-09 06:00 AM Feb 0.1% 0% 0.2% 0.2%
2020-05-13 06:00 AM Mar -2% 0.0% -2.6% -2.4%
2020-06-12 06:00 AM Apr -2% -12%
2020-07-14 06:00 AM May -22%
2020-08-10 06:00 AM Jun -26%
2020-09-10 06:00 AM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
UK Q1 GDP Falls the Most in 11 Years
The UK economy shrank by 2.0 percent in the three months to March 2020, after showing no growth in the previous period and compared to market consensus of a 2.6 percent contraction. That was the steepest decline in the GDP since the fourth quarter of 2008 due to the effects of the coronavirus pandemic and the government measures taken to reduce transmission of the virus, including the introduction of restrictions in movement across the UK from March 23rd. The services sector fell by 1.9 percent, production by 2.1 percent and construction by 2.6 percent. On a monthly basis, the economy contracted 5.8 percent, the biggest monthly fall since the series began in 1997.
2020-05-13
UK GDP Grows 0.1% in December-February
The gross domestic product in the UK grew by 0.1 percent in the three months to February 2020, before the full effects of Coronavirus took hold, after being unchanged in the previous period and slightly below market expectations of a 0.2 percent expansion. The services sector made the only positive contribution to GDP, advancing by 0.2 percent. Meanwhile, the production sector contracted by 0.6 percent, the 10th consecutive period of decline, while construction output fell by 0.2 percent.
2020-04-09
UK Economy Fails to Grow for 3rd Time
The gross domestic product in the UK was unchanged in the three months to January 2020, missing market expectations of a 0.1 percent expansion. It was the third month in a row that the three-month measure of GDP pointed to stagnation, the weakest such run since 2009 amid the global financial crisis. The dominant services sector showed no growth as the wholesale, retail & motor trade sector and the information & communication sector fell by 0.7 percent and 1.0 percent, respectively. This was largely offset by increases in administrative & support services activities (1.1 percent), and education (0.8 percent). In addition, the production sector dropped by 1.0 percent, driven by widespread falls in manufacturing, particularly the drinks, cars and machinery industries. On a more positive note, construction growth was 1.4 percent, driven by private new housing, non-housing repair and maintenance, and private commercial.
2020-03-11
UK Economy Stalls in October-December
The gross domestic product in the UK was unchanged in the three months to December 2019 and in line with market expectations. The services and construction sectors contributed positively to growth, expending by 0.1 percent and 0.5 percent, respectively. Meanwhile, the production sector fell by 0.8 percent in the same period, its eighth consecutive rolling three-month decline. Year-on-year, the economy grew 1.2 percent, the strongest expansion since July, accelerating from a revised 0.5 percent gain in the previous month. For December only, the GDP grew 0.3 percent, after a 0.3 percent fall in November and against market expectations of a 0.2 percent gain.
2020-02-11

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.