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. 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 9.50 percent in June of 2020 and a record low of -18.90 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 September of 2022.

Monthly GDP MoM in the United Kingdom is expected to be -0.10 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



Related Last Previous Unit Reference
GDP Growth Rate -0.10 0.80 percent Jun 2022
GDP Annual Growth Rate 2.90 8.70 percent Jun 2022
GDP Constant Prices 568719.00 569182.00 GBP Million Jun 2022
Gross National Product 608636.00 606343.00 GBP Million Mar 2022
Gross Fixed Capital Formation 101351.00 100787.00 GBP Million Jun 2022
Monthly GDP YoY 2.30 1.90 percent Jul 2022
Monthly GDP MoM 0.20 -0.60 percent Jul 2022
GDP from Transport 20778.00 20059.00 GBP Million Mar 2022
GDP from Services 406933.00 405112.00 GBP Million Mar 2022
GDP from Public Administration 25177.00 25408.00 GBP Million Mar 2022
GDP from Mining 3948.00 3957.00 GBP Million Mar 2022
GDP from Manufacturing 49900.00 49265.00 GBP Million Mar 2022
GDP from Construction 32051.00 30873.00 GBP Million Mar 2022
GDP from Agriculture 3362.00 3342.00 GBP Million Mar 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
0.20 -0.60 9.50 -18.90 1997 - 2022 percent Monthly
SA

News Stream
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
UK GDP Shrinks Half of Market Forecasts
The British economy contracted 0.6% month-over-month in June of 2022, following a downwardly revised 0.4% rise in May and compared to half market expectations of a 1.3% fall. The Platinum Jubilee, and the move of the May bank holiday, led to an additional working day in May and two fewer working days in June. Services fell by 0.5% and was the main driver of the fall in GDP, led by human health activities as test and trace activity reduced further and vaccinations continued to tail off. Also, production fell 0.9%, prompted by a 1.6% drop in manufacturing and a 1.4% decline in construction. Meanwhile, output in consumer-facing services remained flat. The UK GDP is now estimated to be 0.9% above its pre-coronavirus levels in February of 2020.
2022-08-12
UK GDP Unexpectedly Grows in May
The British economy unexpectedly expanded 0.5% month-over-month in May of 2022, recovering from a 0.2% contraction in April, and beating market forecasts of a flat reading. Services output grew 0.4% in May, led by human health and social work activities (2.1%), mainly because of a large rise in GP appointments, which offset the continued scaling down of the NHS Test and Trace and COVID-19 Vaccination Programmes. Also, production grew 0.9%, driven by growth of 1.4% in manufacturing and 0.3% in utilities. The construction sector expanded 1.5%. On the other hand, output in consumer-facing services fell by 0.1%, driven by a 0.5% drop in retail trade and a 5.3% slump in sports, amusement and recreation activities. Output in the travel sector however, increased 11%, as Britons book following the end of COVID restrictions. The GDP is now 1.7% above its pre-coronavirus pandemic levels in February 2020.
2022-07-13