Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 7123.09 6844 6663 6486 6314 5984
Currency 1.39 1.38 1.37 1.37 1.36 1.34
Government Bond 10Y (%) 0.52 0.62 0.68 0.75 0.82 1

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -1.60 1.5 1.1 1.4 1.2 0.9
GDP Annual Growth Rate (%) -6.10 6.5 4 6.8 5.1 4.5
Unemployment Rate (%) 4.80 4.8 5.1 4.9 4.7 4.6
Inflation Rate (%) 2.50 2.3 2.1 2.2 1.9 1.7
Inflation Rate Mom (%) 0.50 0.4 0.2 0.3 0.4 0.4
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.5
Balance of Trade (GBP Million) 884.00 240 -2800 -2800 600 -800
Current Account (GBP Million) -12828.00 -20000 -27400 -18700 -17400 -22600
Current Account to GDP (% of GDP) -3.50 -4.8 -4.8 -4.6 -4.6 -4.6
Government Debt to GDP (% of GDP) 97.40 107 107 110 110 110
Government Budget (% of GDP) -14.30 -10 -10 -4.4 -4.4 -4.4
Business Confidence (points) 27.00 45 15 20 12 5
Services PMI (points) 59.60 55.1 52 53.2 53.4 52.9
Manufacturing PMI (points) 60.40 56 52 52.8 53.2 52.6
Consumer Confidence (points) -7.00 -6 5 1 4 -2
Retail Sales MoM (%) 0.50 -0.8 0.6 1.2 1 0.7
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -1.60 1.5 1.1 1.4 1.2 0.9
GDP Annual Growth Rate (%) -6.10 6.5 4 6.8 5.1 4.5
GDP (USD Billion) 2707.74 2460 2460 2990 2990 2990
GDP Constant Prices (GBP Million) 496737.00 522091 534316 524932 530951 548554
Gross National Product (GBP Million) 534021.00 563208 551136 560336 575422 585552
Gross Fixed Capital Formation (GBP Million) 91836.00 92190 89277 97208 97537 101582
GDP per capita (USD) 39102.90 41100 41100 41900 41900 41900
GDP per capita PPP (USD) 41627.13 45200 45200 45910 45910 45910
Economic Activity Index (%) 24.60 7.5 3.8 4 4.5 6.5
GDP From Agriculture (GBP Million) 2824.00 3366 3013 3039 3121 3176
GDP From Construction (GBP Million) 29812.00 24591 29549 30307 31123 31670
GDP From Manufacturing (GBP Million) 44812.00 44232 47276 47071 48339 49190
GDP From Mining (GBP Million) 4566.00 6048 5003 4908 5040 5129
GDP From Public Administration (GBP Million) 24706.00 29937 21877 25618 26308 26771
GDP From Services (GBP Million) 352324.00 377305 382166 374178 384253 391017
GDP From Transport (GBP Million) 16949.00 16724 20938 17913 18395 18719

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 4.80 4.8 5.1 4.9 4.7 4.6
Employed Persons (Thousand) 32180.00 29950 30100 30900 31400 32200
Unemployed Persons (Thousand ) 2322.20 2800 2650 2610 2450 2250
Employment Rate (%) 74.80 75.4 75.8 76 76.1 76.2
Claimant Count Change (Thousand) -114.80 -40 -32 -60 -60 -26
Labor Force Participation Rate (%) 78.70 78.5 78.8 79 79.1 79.2
Youth Unemployment Rate (%) 13.50 13.5 13.8 13.6 13.4 13.4
Labour Costs (points) 112.80 114 116 117 117 119
Productivity (points) 100.70 102 102 102 102 103
Job Vacancies (Thousand) 862.00 690 680 740 750 760
Wages (GBP/Week) 574.00 585 589 583 594 606
Wages in Manufacturing (GBP/Week) 633.00 649 654 651 655 672
Wage Growth (%) 7.30 4.5 3.6 3.8 3.4 2.8
Minimum Wages (GBP/Hour) 8.91 8.91 8.91 8.91 9.15 9.15
Population (Million) 67.20 67.5 67.5 67.81 67.81 67.81
Retirement Age Women 66.00 66 66 66 66 66
Retirement Age Men 66.00 66 66 66 66 66
Average Weekly Hours (Hours) 30.50 29 31 31 32 32
Employment Change (Thousand) 25.00 25 50 75 45 30

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 2.50 2.3 2.1 2.2 1.9 1.7
Inflation Rate Mom (%) 0.50 0.4 0.2 0.3 0.4 0.4
Consumer Price Index CPI (points) 111.31 112 111 112 113 113
Harmonised Consumer Prices (points) 111.31 112 111 112 113 113
Core Consumer Prices (points) 111.71 112 112 112 114 114
Core Inflation Rate (%) 2.30 1.7 1.8 1.5 1.6 2.1
GDP Deflator (points) 109.23 111 110 112 111 112
Producer Prices Change (%) 4.30 7 5.4 2.5 1.8 2.3
Food Inflation (%) -0.60 -0.6 1 1.5 1.6 1.8
Inflation Expectations (%) 2.80 3.6 3.4 3.2 3 2.4
Retail Price Index (%) 3.90 3.7 3.4 3.6 3.2 2.6
Producer Prices (points) 112.30 115 115 113 114 117
CPI Housing Utilities (points) 107.90 109 107 108 110 109
CPI Transportation (points) 119.10 116 117 118 121 119
Core Producer Prices (points) 113.20 118 117 114 115 119

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.10 0.1 0.1 0.1 0.1 0.5
Interbank Rate (%) 0.07 0.07 0.07 0.07 0.07 0.32
Money Supply M0 (GBP Million) 95539.00 100500 99100 101500 101950 102900
Money Supply M1 (GBP Million) 2277627.00 2298000 2250800 2295100 2324500 2360800
Money Supply M2 (GBP Million) 2889624.00 2926000 2919100 2934200 2956600 2989100
Money Supply M3 (GBP Million) 3373025.00 3422000 3410000 3460000 3480000 3550000
Banks Balance Sheet (GBP Million) 4302256.00 4450000 4590000 4630000 4650000 4700000
Central Bank Balance Sheet (GBP Million) 983428.00 995600 1025200 1051500 1079200 1126100
Loans to Private Sector (GBP Million) 2637585.00 2720000 2780000 2850000 2821000 2870000
Deposit Interest Rate (%) 0.00 0 0 0 0 0.25
Lending Rate (%) 0.35 0.35 0.35 0.35 0.35 0.6
Private Debt to GDP (%) 212.80 216 216 219 219 219

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (GBP Million) 884.00 240 -2800 -2800 600 -800
Current Account (GBP Million) -12828.00 -20000 -27400 -18700 -17400 -22600
Current Account to GDP (% of GDP) -3.50 -4.8 -4.8 -4.6 -4.6 -4.6
Imports (GBP Million) 50759.00 49100 51500 52600 53400 55500
Exports (GBP Million) 51643.00 52000 52700 53200 53600 54700
External Debt (GBP Million) 7147294.00 7402000 7457000 7511000 7508000 7577000
Capital Flows (GBP Million) 27999.00 16400 12900 22600 17500 16600
Foreign Direct Investment (GBP Million) 11963.00 -10400 9900 18900 12800 10500
Gold Reserves (Tonnes) 310.29 310 310 310 310 310
Crude Oil Production (BBL/D/1K) 931.00 850 800 800 850 750
Goods Trade Balance (GBP Million) -8481.00 -12200 -10800 -12800 -13800 -14800
Tourism Revenues (GBP Million) 60.00 1800 1940 1750 1990 2240
Tourist Arrivals (Thousand) 176.00 2650 2440 2890 3020 2910

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 97.40 107 107 110 110 110
Government Budget (% of GDP) -14.30 -10 -10 -4.4 -4.4 -4.4
Government Budget Value (GBP Million) -22754.00 -32200 -18440 -17500 -27400 -12600
Government Spending (GBP Million) 106683.00 108200 109500 108400 109100 111200
Government Spending to GDP (% of GDP) 52.20 47 47 42 42 42
Government Debt (GBP Billion) 2218.20 2490 2210 2060 2150 2300
Government Revenues (GBP Million) 62192.00 66200 62270 57600 60200 65270
Asylum Applications (persons) 6939.00 1250 1910 1150 1290 1810

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 19.00 19 19 19 19 19
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 27.80 27.8 25.8 27.8 27.8 27.8
Social Security Rate For Companies (%) 13.80 13.8 13.8 13.8 13.8 13.8
Social Security Rate For Employees (%) 14.00 14 12 14 14 14

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 27.00 45 15 20 12 5
Services PMI (points) 59.60 55.1 52 53.2 53.4 52.9
Manufacturing PMI (points) 60.40 56 52 52.8 53.2 52.6
Industrial Production (%) 20.60 5.1 5 3.2 4.4 2.6
Industrial Production Mom (%) 0.80 0.6 1 0.8 0.6 0.7
Manufacturing Production (%) 27.70 5.9 6 4.5 5.1 3.6
Capacity Utilization (%) 73.90 77 75 76 78 80
New Orders (GBP Million) 11310.00 13200 12180 12500 12900 13600
Factory Orders (Net Balance) 17.00 17 18 14 12 8
Bankruptcies (Companies) 3116.00 3400 5800 5100 4400 4400
Corporate Profits (GBP Million) 116726.00 117200 115000 119000 120000 122000
Car Production (Units) 69097.00 119200 87000 81000 119500 99000
Car Registrations 123296.00 289000 136000 256200 196000 169000
Small Business Sentiment 29.00 45 30 9 15 5
Leading Economic Index (%) 3.60 1.5 1.1 1.4 1.2 0.9
Steel Production (Thousand Tonnes) 710.00 800 800 800 800 850
Private Investment (%) -10.70 2.5 1.6 1.5 1.9 1.2
Mining Production (%) -16.90 6.2 4 3.6 4.2 2.3
Composite PMI (points) 59.20 55 53.4 54 54.2 53.8

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) -7.00 -6 5 1 4 -2
Retail Sales MoM (%) 0.50 -0.8 0.6 1.2 1 0.7
Retail Sales YoY (%) 9.70 6.5 2.6 3.4 4.5 3.4
Consumer Spending (GBP Million) 302220.00 330220 352034 328803 324770 343599
Disposable Personal Income (GBP Million) 366704.00 433373 360337 384980 395345 402304
Personal Savings (%) 19.90 13 10 9 8.5 7
Bank Lending Rate (%) 1.10 1.1 1.1 1.1 1.1 1.35
Households Debt To GDP (% of GDP) 90.00 92 92 88 88 88
Cbi Distributive Trades (Net Balance) 23.00 9 7 5 12 9
Consumer Credit (GBP Million) 301.00 -758 -787 4.27 316 -823
Gasoline Prices (USD/Liter) 1.88 1.79 1.7 1.61 1.53 1.45

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Starts (units) 46010.00 30900 32330 34600 34900 38710
Construction Output (%) 56.50 15.1 5.1 4.3 4.6 3.8
Housing Index (points) 448.96 445 451 452 446 440
Mortgage Approvals (Thousand) 81.34 71 66 74 76 78
Home Loans (GBP Million) 17868.00 4900 3600 4000 3400 2900
Home Ownership Rate (%) 65.20 64 64 63 63 63
Nationwide Housing Prices (points) 487.21 477 485 486 482 479
Construction Orders (%) -13.30 4.5 5 4.4 5.1 3.7
Construction PMI (points) 58.70 54.9 53.8 54 54.2 54.5


This page has economic forecasts for the United Kingdom including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the the United Kingdom economy.