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.

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United Kingdom Monthly GDP MoM


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
0.90 0.20 9.70 -18.90 1997 - 2021 percent Monthly
SA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-10 07:00 AM Oct 0.1% 0.6% 0.4% 0.4%
2022-01-14 07:00 AM Nov 0.9% 0.2% 0.4% 0.3%
2022-02-11 07:00 AM Dec 0.9% -0.2%


Related Last Previous Unit Reference
GDP Growth Rate 1.10 5.40 percent Sep/21
GDP Annual Growth Rate 6.80 24.20 percent Sep/21
GDP Constant Prices 553412.00 546556.00 GBP Million Sep/21
Gross National Product 580080.00 572325.00 GBP Million Sep/21
Gross Fixed Capital Formation 95269.00 94508.00 GBP Million Sep/21
Monthly GDP YoY 8.00 5.10 percent Nov/21
Monthly GDP MoM 0.90 0.20 percent Nov/21
GDP From Transport 18533.00 17664.00 GBP Million Sep/21
GDP From Services 399202.00 392539.00 GBP Million Sep/21
GDP From Public Administration 25472.00 25379.00 GBP Million Sep/21
GDP From Mining 4127.00 3347.00 GBP Million Sep/21
GDP From Manufacturing 48628.00 49036.00 GBP Million Sep/21
GDP From Construction 30798.00 31269.00 GBP Million Sep/21
GDP From Agriculture 3157.00 3146.00 GBP Million Sep/21
Economic Activity Index 6.90 8.80 percent Aug/21


News Stream
UK Economy Expands at Faster-than-Expected Pace
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.
2022-01-14
UK GDP Edges Up 0.1% in October
The British economy expanded 0.1% month-over-month in October of 2021, the lowest performance in 3 months and below market forecasts of 0.4%. Services output grew by 0.4%, with the most significant contribution coming from human health activities, which grew by 3.5%, mainly because of a continued rise in face-to-face appointments at GP surgeries in England. Output in consumer-facing services grew by 0.3% mainly because of an 8.1% increase in the wholesale and retail trade and repair of motor vehicles and motorcycles sector. Production output however, decreased by 0.6%, with electricity and gas down by 2.9%, and mining and quarrying down by 5%. Construction contracted 1.8%, the largest fall since April 2020 and manufacturing stalled. The UK GDP is now 0.5% below its pre-coronavirus pandemic level in February 2020.
2021-12-10
UK Monthly GDP Growth Surprises on the Upside in September
The British economy advanced 0.6% mom in September of 2021, above a downwardly revised 0.2% in August and market forecasts of 0.4%. Services output grew by 0.7% as human health activities soared 6.4%, mainly because of a large rise in face-to-face appointments at GP surgeries in England. Output in consumer-facing services fell by 0.6% mainly because of a 13.3% fall in the wholesale and retail trade and repair of motor vehicles and motorcycles. Also, production output decreased by 0.4%, mainly because of a 4.1% fall in the distribution of gas, its fourth consecutive monthly fall following exceptionally high output levels in May 2021 when adverse weather conditions boosted supply. Still, the economy remains 0.6% below its pre-coronavirus pandemic level in February 2020.
2021-11-11