The British economy expanded 0.1% in November from October of 2022, easing from a 0.5% growth in the previous period but beating market forecasts of a 0.2% decline. Output in consumer-facing services was up 0.4% (vs 1.5% in October), led by food and beverage service activities in a month where the FIFA World Cup started. The services sector as a whole grew by 0.2%, after growth of 0.7% in October, with the largest contributions coming from administrative and support service activities and information and communication. Meanwhile, production output decreased by 0.2%, after a fall of 0.1% in October. Manufacturing was the main driver of the decline, partially offset by a positive contribution from mining and quarrying. The construction sector was flat (vs 0.8% in October). Considering the three months to November, the UK GDP fell 0.3%. The economy is now estimated to be 0.3% below its pre-coronavirus levels in February of 2020. 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 January of 2023.

Monthly GDP MoM in the United Kingdom is expected to be 0.00 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 0.30 percent in 2024, according to our econometric models.

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United Kingdom Monthly GDP MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-12-12 07:00 AM Oct 0.5% -0.6% 0.4% 0.4%
2023-01-13 07:00 AM Nov 0.1% 0.5% -0.2% -0.2%
2023-02-10 07:00 AM Dec 0.1% -0.1%


Related Last Previous Unit Reference
GDP Growth Rate -0.30 0.10 percent Sep 2022
GDP Annual Growth Rate 1.90 4.00 percent Sep 2022
GDP Constant Prices 556856.00 558600.00 GBP Million Sep 2022
Gross National Product 622446.00 616578.00 GBP Million Sep 2022
Gross Fixed Capital Formation 100838.00 99704.00 GBP Million Sep 2022
Monthly GDP YoY 0.20 1.10 percent Nov 2022
Monthly GDP MoM 0.10 0.50 percent Nov 2022
GDP from Transport 17413.00 17358.00 GBP Million Sep 2022
GDP from Services 393556.00 393236.00 GBP Million Sep 2022
GDP from Public Administration 24841.00 24639.00 GBP Million Sep 2022
GDP from Mining 4681.00 4742.00 GBP Million Sep 2022
GDP from Manufacturing 49969.00 51399.00 GBP Million Sep 2022
GDP from Construction 32120.00 32188.00 GBP Million Sep 2022
GDP from Agriculture 3585.00 3586.00 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
0.10 0.50 9.00 -20.90 1997 - 2022 percent Monthly
SA

News Stream
UK Economy Unexpectedly Grows Slightly in November
The British economy expanded 0.1% in November from October of 2022, easing from a 0.5% growth in the previous period but beating market forecasts of a 0.2% decline. Output in consumer-facing services was up 0.4% (vs 1.5% in October), led by food and beverage service activities in a month where the FIFA World Cup started. The services sector as a whole grew by 0.2%, after growth of 0.7% in October, with the largest contributions coming from administrative and support service activities and information and communication. Meanwhile, production output decreased by 0.2%, after a fall of 0.1% in October. Manufacturing was the main driver of the decline, partially offset by a positive contribution from mining and quarrying. The construction sector was flat (vs 0.8% in October). Considering the three months to November, the UK GDP fell 0.3%. The economy is now estimated to be 0.3% below its pre-coronavirus levels in February of 2020.
2023-01-13
UK GDP Growth Tops Forecasts in October
The British economy expanded 0.5% in October from September of 2022, the biggest increase in nearly a year and above forecasts of 0.4%. It follows a 0.6% contraction in September, when an additional bank holiday for the funeral of Queen Elizabeth lowered the output. The services sector grew 0.6%, after falling by 0.8% in September, with the largest contribution coming from wholesale and retail trade and repair of motor vehicles and motorcycles. Output in consumer-facing services grew by 1.2%, after a fall of 1.7% in September. Production remained broadly flat after rising 0.2%; manufacturing was the only sub-sector to contribute positively to production, offset by negative contributions from electricity, gas, steam and air conditioning supply, and water supply, sewerage, waste management and remediation activities. Construction grew by 0.8%, its fourth consecutive increase. Considering the three months to October, the GDP shrank 0.3% but the economy is 0.4% above its pre-covid levels.
2022-12-12
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