The British economy shrank 0.3% month-over-month in April of 2022, following a 0.1% contraction in March and missing market expectations of a 0.1% expansion. Services fell by 0.3%, reflecting a 5.6% decrease in human health and social work, where there was a significant reduction in NHS Test and Trace activity. Production fell by 0.6%, driven by a fall in manufacturing of 1.0% on the month, as businesses continue to report the impact of price increases and supply chain shortages. Construction also fell by 0.4%, following strong growth in March when there was significant repair and maintenance activity following the storms experienced in the latter half of February 2022. GDP is now 0.9% above its pre-coronavirus level in February 2020. The British economy grew by 0.2% in the three months to April 2022, with construction contributing 0.2 percentage points, while services and production were broadly flat. 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 June 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 0.80 1.30 percent Mar 2022
GDP Annual Growth Rate 8.70 6.60 percent Mar 2022
GDP Constant Prices 569055.00 564812.00 GBP Million Mar 2022
Gross National Product 606343.00 580080.00 GBP Million Dec 2021
Gross Fixed Capital Formation 102334.00 97093.00 GBP Million Mar 2022
Monthly GDP YoY 3.40 6.40 percent Apr 2022
Monthly GDP MoM -0.30 -0.10 percent Apr 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
-0.30 -0.10 9.50 -18.90 1997 - 2022 percent Monthly
SA

News Stream
British Economy Contracts for 2nd Month
The British economy shrank 0.3% month-over-month in April of 2022, following a 0.1% contraction in March and missing market expectations of a 0.1% expansion. Services fell by 0.3%, reflecting a 5.6% decrease in human health and social work, where there was a significant reduction in NHS Test and Trace activity. Production fell by 0.6%, driven by a fall in manufacturing of 1.0% on the month, as businesses continue to report the impact of price increases and supply chain shortages. Construction also fell by 0.4%, following strong growth in March when there was significant repair and maintenance activity following the storms experienced in the latter half of February 2022. GDP is now 0.9% above its pre-coronavirus level in February 2020. The British economy grew by 0.2% in the three months to April 2022, with construction contributing 0.2 percentage points, while services and production were broadly flat.
2022-06-13
UK GDP Falls in March for 1st Time this Year
The British economy contracted 0.1% month-over-month in March of 2022, the first fall so far this year and compared to forecasts of a flat reading. February figures were also revised lower to show the economy stalled, compared to initial forecasts of a 0.1% rise. Services fell by 0.2%, reflecting a large decrease (15.1%) in the wholesale and retail trade and repair of motor vehicles and motorcycles industry. Production also shrank by 0.2%; these falls were partially offset by construction, which grew by 1.7%.
2022-05-12
UK GDP Growth Slows More than Expected
The British economy advanced 0.1% month-over-month in February of 2022, slowing sharply from a 0.8% growth in January and lower than market forecasts of a 0.3% rise. Services edged up 0.2% and were the main contributor to growth, mainly travel agency, tour operators and other reservation services (33.1%) and accommodation (23%) as covid restrictions eased further. Meanwhile, industrial production fell 0.6%, namely because of a 5.4% slump in the manufacturing of transport equipment amid component shortages. Also, declines were reported for electric power generation, transmission and distribution (-1%), extraction of crude petroleum and natural gas (-2.2%), and construction (-0.1%) as storms delayed some projects. Still, the GDP is now 1.5% above its pre-coronavirus pandemic level in February of 2020.
2022-04-11