Britain's gross domestic product shrank by 1.6 percent in the three months to February 2021, the steepest period of contraction since May-July but better than market expectations of a 1.9 percent fall. In February alone, the GDP rose by 0.4 percent, compared with forecasts of a 0.6 percent increase, as government restrictions affecting economic activity remained broadly unchanged. February’s level was still 7.8 percent below that seen in February 2020 and was 3.1 percent below levels seen in October 2020, the initial recovery peak. Output in the services sector was broadly flat, while the production and construction sectors grew. source: Office for National Statistics

Leading Economic Index in the United Kingdom averaged 0.41 percent from 1997 until 2021, reaching an all time high of 16.90 percent in September of 2020 and a record low of -18.80 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 May of 2021.

Leading Economic Index in the United Kingdom is expected to be 2.10 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 1.50 in 12 months time. In the long-term, the United Kingdom GDP 3-Month Average is projected to trend around 0.90 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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United Kingdom GDP 3-Month Average

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -1.40 16.90 -18.80 1997 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-15 07:00 AM Nov 4.1% 10.5% 3.4% 2.9%
2021-02-12 07:00 AM Dec 1% 4.5% 0.5% 0.5%
2021-03-12 07:00 AM Jan -1.7% 1% -2.5% -2.8%
2021-04-13 06:00 AM Feb -1.6% -1.4% -1.9% -2%
2021-05-12 06:00 AM Mar -1.6% -1.7% -1.4%
2021-06-11 06:00 AM Apr 1.1%
2021-07-09 06:00 AM May 3.4%
2021-08-12 06:00 AM Jun 4.8%


News Stream
UK GDP Contracts Less than Forecast
Britain's gross domestic product shrank by 1.6 percent in the three months to February 2021, the steepest period of contraction since May-July but better than market expectations of a 1.9 percent fall. In February alone, the GDP rose by 0.4 percent, compared with forecasts of a 0.6 percent increase, as government restrictions affecting economic activity remained broadly unchanged. February’s level was still 7.8 percent below that seen in February 2020 and was 3.1 percent below levels seen in October 2020, the initial recovery peak. Output in the services sector was broadly flat, while the production and construction sectors grew.
2021-04-13
UK GDP Contracts Less than Forecast
Britain's gross domestic product shrank by 1.7 percent in the three months to January 2021, the first period of contraction since May-July but better than market expectations of a 2.5 percent contraction. In January alone, the GDP fell by 2.9 percent, compared with forecasts of a 4.9 percent slump, as restrictions on activity were reintroduced in response to the COVID pandemic. January’s level remained 9.0 percent below that seen in February 2020 and 4.0 percent below levels seen in October 2020, the initial recovery peak. The services sector contracted by 3.5 percent, led by falls in consumer-facing services industries and education, while output in the production sector fell by 1.5 percent, after manufacturing contracted for the first time since the initial pandemic-driven fall in output in April 2020. Meanwhile, construction output rose 0.9 percent, driven by growth in new work.
2021-03-12
UK GDP Growth Beats Forecasts in Oct-Dec
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.
2021-02-12
UK GDP Growth Slows Sharply in Sep-Nov
Britain's GDP grew by 4.1 percent in the three months to November 2020, the least since the economic recovery began in the June-August period but beating market expectations of a 3.4 percent expansion. In November alone, the GDP fell by 2.6 percent, following six consecutive monthly increases and compared with forecasts of a 5.7 percent slump, as restrictions on activity were reintroduced in some parts of the UK in response to the coronavirus pandemic. The services sector acted as the main drag on growth (-3.4 percent vs 0.5 percent in October) led by trade of motor vehicles and retail trade, as well as food and beverage activities. Also, industrial output fell marginally (-0.1 percent vs 1.1 percent), due to contractions in mining & quarrying, utilities and water supply; while construction activity expanded for a seventh straight month (1.9 percent vs 1.5 percent), suggesting this sub-sector was largely unaffected by the new restrictive measures.
2021-01-15

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.