United Kingdom GDP Growth Rate

The British economy expanded 1.1% on quarter in the three months to September of 2021, below initial estimates of a 1.3% increase, and easing from a downwardly revised 5.4% advance in the previous period. In output terms, the largest contributors were hospitality, and arts, entertainment and recreation following the further easing of restrictions and reopening of the economy during this period; production and construction both fell. Household consumption rose by an upwardly revised 2.7% in Quarter 3 2021 and made the largest contribution to expenditure; there was a fall in underlying inventories, likely reflecting some of the recent supply chain challenges; and a negative contribution from net trade. Year-on-year, the economy expanded 6.8%, higher than initial estimates of 6.6%. The economy is now 1.5% below its pre-pandemic level in the last quarter of 2019, revised from the previous estimate of 2.1% below because of upward revisions to growth in 2020.