The British economy contracted by 0.6% month-over-month in September of 2022, following a downwardly revised 0.1% decline in August, and worse than market forecasts of a 0.4% fall. It marks a second consecutive month of falling economic activity and probably the beginning of a long recession while the additional bank holiday for the Queen's funeral also weighed, as many businesses closed or operated differently on that day. The services sector went down 0.8%, led by a 3.2% fall in information and communication activity, and a 2% drop in wholesale and retail trade, and repair of motor vehicles and motorcycles. Also, output in consumer-facing services fell by 1.7%. On the other hand, industrial production edged 0.2% higher, prompted by a 1.5% jump in electricity, gas, steam and air conditioning supply. Also, construction grew 0.4%. source: Office for National Statistics

Monthly GDP MoM in the United Kingdom averaged 0.16 percent from 1997 until 2022, reaching an all time high of 9.00 percent in June of 2020 and a record low of -20.90 percent in April of 2020. This page includes a chart with historical data for the United Kingdom Monthly GDP MoM. United Kingdom Monthly GDP MoM - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Monthly GDP MoM in the United Kingdom is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Monthly GDP MoM is projected to trend around 0.40 percent in 2023 and 0.30 percent in 2024, according to our econometric models.

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United Kingdom Monthly GDP MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-10-12 06:00 AM Aug -0.3% 0.1% 0% 0.1%
2022-11-11 07:00 AM Sep -0.6% -0.1% -0.4% -0.5%
2022-12-12 07:00 AM Oct -0.6% 0.2%


Related Last Previous Unit Reference
GDP Growth Rate -0.20 0.20 percent Sep 2022
GDP Annual Growth Rate 2.40 4.40 percent Sep 2022
GDP Constant Prices 559167.00 560089.00 GBP Million Sep 2022
Gross National Product 617624.00 608636.00 GBP Million Jun 2022
Gross Fixed Capital Formation 101510.00 101351.00 GBP Million Sep 2022
Monthly GDP YoY 1.30 2.50 percent Sep 2022
Monthly GDP MoM -0.60 -0.10 percent Sep 2022
GDP from Transport 17527.00 17339.00 GBP Million Sep 2022
GDP from Services 395308.00 395225.00 GBP Million Sep 2022
GDP from Public Administration 24645.00 24408.00 GBP Million Sep 2022
GDP from Mining 4830.00 4877.00 GBP Million Sep 2022
GDP from Manufacturing 50462.00 51632.00 GBP Million Sep 2022
GDP from Construction 32293.00 32106.00 GBP Million Sep 2022
GDP from Agriculture 3590.00 3589.00 GBP Million Sep 2022
Economic Activity Index 6.90 8.80 percent Aug 2021

United Kingdom Monthly GDP MoM
GDP measures the value of goods and services produced in the UK. The reading refers to a month-over-month growth rate.
Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -0.10 9.00 -20.90 1997 - 2022 percent Monthly
SA

News Stream
UK Economy Shrinks 0.6% in September
The British economy contracted by 0.6% month-over-month in September of 2022, following a downwardly revised 0.1% decline in August, and worse than market forecasts of a 0.4% fall. It marks a second consecutive month of falling economic activity and probably the beginning of a long recession while the additional bank holiday for the Queen's funeral also weighed, as many businesses closed or operated differently on that day. The services sector went down 0.8%, led by a 3.2% fall in information and communication activity, and a 2% drop in wholesale and retail trade, and repair of motor vehicles and motorcycles. Also, output in consumer-facing services fell by 1.7%. On the other hand, industrial production edged 0.2% higher, prompted by a 1.5% jump in electricity, gas, steam and air conditioning supply. Also, construction grew 0.4%.
2022-11-11
British Economy Back to Contraction
The British economy contracted by 0.3% month-over-month in August of 2022, following a downwardly revised 0.1% rise in July and compared to market expectations of a flat reading. Production fell by 1.8% with manufacturing declining by 1.6% exuberated by the maintenance of oil and gas installations in the North Sea. Services went down 0.1% led by human health and social work activities, and arts, entertainment, and recreation activities went down 1.3% and 5.0% respectively, partially offsetting growth of 1.2% in professional, scientific, and technical activities. Meanwhile, construction grew by 0.4%, prompted by a 1.9% increase in new work, as repair and maintenance sank 2%. Considering the three months to August, the British economy also contracted by 0.3%.
2022-10-12
UK GDP Grows Less than Expected
The British economy expanded 0.2% in July from June 2022, rebounding from a 0.6% fall in the previous month, but below market forecasts of a 0.4% rise. Services (0.4%) was the main driver of the expansion, namely information and communication (1.5%). On the other hand, production fell 0.3%, with electricity, gas, steam, and air conditioning supply sinking 3.4%, namely electric power generation, transmission and distribution (-4.4%), manufacture of gas (-0.5%). Anecdotal evidence from the Department for Business, Energy and Industrial Strategy (BEIS), showed demand for electricity was 2.3% lower than in July 2021, which may have been influenced by the higher than usual temperatures and increased prices. Construction also fell (-0.8%), namely repair and maintenance (-2.6%). The British economy is now 1.1% above its pre-coronavirus level in February of 2020. Considering the three months to July, the economy stalled.
2022-09-12