This indicator is based on nominal GDP (also called GDP at current prices or GDP in value) and is available in different measures: US dollars and US dollars per capita (current PPPs). Find the solutions you need by accessing our extensive portfolio of information, analytics and expertise. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Our Monthly GDP (MGDP) Index is an indicator of real aggregate output that is conceptually consistent with real Gross Domestic Product (GDP) in the National Income and Product Accounts (NIPA). We provide MGDP data and historical files to the public at no charge. IHS Markit is the leading source of information and insight in critical areas that shape today's business landscape. Within production, manufacturing fell by 1.7%. Production fell by 1.2% in the month of November 2019, following growth of 0.4% in October. facts. Rolling three-month estimates are calculated by comparing GDP in a three-month period with GDP in the previous three-month period. An official website of the United States government, GDP is a comprehensive measure of the U.S. economy and its growth, Measures industries' performance and their contributions to GDP, State counterpart of national GDP, including industries' contributions to each state economy, GDP for local areas, with industries’ contributions to each economy, Note: GDP by Metro Area is now part of GDP by County, Metro, and Other Areas, Note: GDP by County is now part of GDP by County, Metro, and Other Areas, 4600 Silver Hill Road • Suitland, MD 20746. Small increases across a small number of industries were more than offset by relatively large falls in several other industries, most notably scientific research and development, and wholesale trade, which each took 0.07 percentage points off monthly gross domestic product (GDP) growth. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Figure 4 shows there has been a longer-term weakening in both production and manufacturing. All OECD countries compile their data according to the 2008 System of National Accounts (SNA). This is a change of 1.16% from last month and -1.00% from one year ago. GDP by State with Industry Detail. Categories > National Accounts > National Income & Product Accounts > GDP/GNP. Directly accessible data for 170 industries from 50 countries This release incorporates revisions to monthly data back to January 2018, consistent with the Quarterly National Accounts published in December 2019. The monthly growth rate for GDP is volatile and so it should be used with caution and alongside other measures, such as the three-month growth rate, when looking for an indicator of the longer-term trend of the economy. Output grew by 1.3 per cent in the three months to September , due to a recovery in quarrying. Our Monthly GDP (MGDP) Index is an indicator of real aggregate output that is conceptually consistent with real Gross Domestic Product (GDP) in the National Income and Product Accounts (NIPA). St. Louis, MO 63102, Index 2012=100, Quarterly, Not Seasonally Adjusted, Millions of Dollars, Quarterly, Not Seasonally Adjusted, Percent Change from Preceding Period, Annual, Not Seasonally Adjusted, Percent Change from Preceding Period, Quarterly, Seasonally Adjusted Annual Rate, More View latest release. 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I = All of a country’s investment on capital equipment, housing etc. retrieved from FRED, Construction also declined across the last three months with a notable drop in house building and infrastructure in October.”, Source: Office for National Statistics - GDP monthly estimate. Measures industries' performance and their contributions to GDP. BEA. Figure 3 shows growth in the most recent three months compared with the same three months a year ago. However, both September and October 2019 have been revised up by 0.2 and 0.1 percentage points respectively, giving extra strength to the most recent rolling three-month estimate. We calculate the MGDP in two steps. The experts and leaders who set the course for IHS Markit and its thousands of colleagues around the world. Index of Services, UK: October 2019 Bulletin | Released 10 December 2019 Monthly movements in output for the services industries. Gross domestic product (GDP) measures the value of goods and services produced in the UK. A global team of industry-recognized experts contributes incisive and thought-provoking analysis. The revisions to September were predominantly driven by new construction data, whereas October's revisions were driven by new data in services and production. Overall, revisions to monthly GDP growth were small. In, BEA. Output in both the production and construction sectors contracted, by 0.7% and 0.3%, respectively. September 30, 2020. U.S. Bureau of Economic Analysis, Release: Gross Domestic Product. Data in this graph are copyrighted. Federal Reserve Bank of St. Louis; The weakness seen in construction was predominantly driven by a fall of 2.3% in October. “Long term, the economy continues to slow, with growth in the economy compared with the same time last year at its lowest since the spring of 2012. Monthly gross domestic product (GDP) fell by 0.3% in November 2019, driven by falls in both services and production. https://fred.stlouisfed.org/series/GDP, How does it actually work? November 16, 2020. Are you interested in testing our corporate solutions? "Annualized Growth of Real Gdp in The United States from 2011 to 2020, by Quarter. GDP Quarterly National Accounts, UK: July to September 2019 Bulletin | 20 December 2019 Revised quarterly estimate of gross domestic product (GDP) for the UK. BEA Account Code: A191RCGross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States.For more information, see the Guide to the National Income and Product Accounts of the United States (NIPA) and the Bureau of Economic Analysis. (September 30, 2020). Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Month-on-month growth in construction was 1.9% in November 2019, following a fall of 2.2% in October 2019. Please contact us if you need to access our archives of the MGDP. On this basis, the growth in the most recent period is the lowest it has been since the three months to December 2018, with growth weakening significantly since the peak in the three months to March 2019. Releases from U.S. Bureau of Economic Analysis, More Growth in the services sector slowed in the three months to October 2019 to 0.2%, following growth of 0.4% in the three months to September 2019. This is not the latest release. It estimates the size of and growth in the economy. There were widespread falls across manufacturing industries, with the most notable being the often-volatile manufacture of pharmaceuticals, which fell by 6.2%. IHS Markit delivers critical analysis and guidance spanning the world's most important business issues. All content is available under the Open Government Licence v3.0, except where otherwise stated, /economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/november2019, Figure 1: Rolling three-month GDP growth slowed for the second month in a row, Table 1: Services and construction provided positive contributions to rolling three-month GDP growth, while production acted as a drag, Figure 2: Volatility throughout 2019 masks a longer term weakening in rolling three-month GDP growth, Table 2: Breakdown of GDP and its components’ growth rates by month, Figure 3: Rolling three-month growth has weakened when compared with the same three months a year ago, Figure 4: Production and manufacturing showed continued signs of weakness in the three months to November 2019, Figure 5: Manufacture of transport equipment, was the main drag to GDP growth in the manufacturing sector in both April and November 2019, Figure 6: Output in the construction industry grew for the third consecutive rolling three-month period, UK GDP grew by 0.1% in the three months to November 2019, Weakening services and falling production resulted in subdued GDP growth in the three months to November 2019, Rolling three-month growth was 0.1% in the three months to November 2019, The services sector grew by 0.1% in the three months to November 2019, Production fell by 0.6% in the three months to November 2019, Growth in the construction sector was 1.1% in the three months to November 2019, Things you need to know about this release, December Quarterly National Accounts (QNA), Construction output in Great Britain: November 2019, GDP Quarterly National Accounts, UK: July to September 2019. Broaden your knowledge by attending IHS Markit events that feature our subject-matter experts. In last month of the first quarter of 2020, COVID-19 containment measures began to be widely introduced by Member States GDP growth was -3.7% in the euro area and -3.3% in the EU-27. Learn more about how Statista can support your business. These industries were also the main contributors to growth in March 2019 ahead of the UK’s original planned date to exit the European Union, as shown in Figure 5.
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