The gross domestic product in the United Kingdom grew by 0.9 percent from a month earlier in November 2021, accelerating from an upwardly revised 0.2 percent expansion in October and easily beating market expectations of 0.4 percent. Services output advanced 0.7 percent, boosted by a 0.8 percent growth in consumer-facing services on the back of a sharp increase in retail trade, while all other services rose by 0.6 percent. In addition, industrial production expanded 1.0 percent, with a mixed performance across the four sectors, while construction output jumped 3.5 percent. GDP was also above its pre-coronavirus pandemic level for the first time, by 0.7 percent, supported by human health and social work activities, wholesale and retail trade, and arts, entertainment and recreation. source: Office for National Statistics
Monthly GDP MoM in the United Kingdom averaged 0.16 percent from 1997 until 2021, reaching an all time high of 9.70 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 January of 2022.
Monthly GDP MoM in the United Kingdom is expected to be 0.40 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.