Britain's GDP growth slowed to 0.3 percent in the three months to April 2019 from 0.5 percent in March and below market expectations of 0.4 percent. The economy contracted in the month of April mainly due to a dramatic fall in car production, with uncertainty ahead of the UK’s original EU departure date leading to planned shutdowns. There was also widespread weakness across manufacturing in April, as the boost from the early completion of orders ahead of the original Brexit date has faded. 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 -0.20 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.