Monthly gross value added index, United Kingdom
The monthly gross value added index in the United Kingdom was 103.1 in , up 0.1% from and up 2.0% from a year earlier. Over the latest 12 readings it moved between 101.0 and 103.1. The next reading is for September 2026. Source: ONS, ONS monthly GDP, CDID ECY2; history from .
Key takeaways
- The monthly gross value added index at 103.1 in beats 100% of readings since (ONS).
- Against a ten-year average of 95.9, the monthly gross value added index is above that norm by 7.2 (ONS).
- The monthly gross value added index has risen for 3 readings in a row up to (ONS).
What this indicator is and why it matters
The monthly gross value added index is the Office for National Statistics' monthly estimate of UK economic output, commonly called monthly GDP (CDID ECY2). It is a chained volume index, seasonally adjusted, and is published about six weeks after the month ends.
It gives the earliest official read on how the UK economy is doing within a quarter, and its three monthly readings feed the first estimate of quarterly GDP. Markets, the Bank of England and banks use it to see whether services, production or construction are driving changes in output before the quarterly figures arrive.
The ONS itself warns that monthly figures are volatile and recommends looking at the three months to the latest month compared with the previous three months. A single month can be moved by the weather, by the number of working days, by strikes or by events such as extra bank holidays, and those effects often reverse the next month. The monthly estimates are also revised as more survey returns come in. Because the index is gross value added, it excludes taxes on products, so its growth is close to, but not always identical with, quarterly GDP growth.
Where it sits in history
The monthly gross value added index is at its highest since the series starts in . Within ten years, the monthly gross value added index beats 100% of readings.
| Window | Latest is higher than | Average | Highest | Lowest |
|---|---|---|---|---|
| Since January 2006 | 100% of readings | 88.8 | 103.1 | 71.8 |
| Last ten years | 100% of readings | 95.9 | 103.1 | 71.8 |
| Last five years | 100% of readings | 99.7 | 103.1 | 96.0 |
- Monthly gross value added index 103
Recent readings
Last five years
- Monthly gross value added index 103
Latest readings
| Period | Value | Change from previous |
|---|---|---|
| 103.1 | +0.1% | |
| 103.0 | +0.4% | |
| 102.6 | +0.4% | |
| 102.2 | 0.0% | |
| 102.2 | -0.1% | |
| 102.3 | +0.5% | |
| 101.8 | +0.5% | |
| 101.3 | 0.0% | |
| 101.3 | +0.2% | |
| 101.1 | +0.1% | |
| 101.0 | -0.2% | |
| 101.2 | +0.1% | |
| 101.1 | -0.1% |
Annual averages
By calendar-year average, the monthly gross value added index peaked in (101.1) and bottomed in (77.3). 2026 to date: 102.3, after 101.1 in 2025.
| Year | Average | Low | High | Readings |
|---|---|---|---|---|
| 2026 (part year) | 102.3 | 101.3 | 103.1 | 8 |
| 2025 | 101.1 | 100.7 | 101.3 | 12 |
| 2024 | 100.0 | 98.8 | 100.7 | 12 |
| 2023 | 98.9 | 98.4 | 99.3 | 12 |
| 2022 | 98.3 | 97.6 | 98.8 | 12 |
| 2021 | 93.9 | 86.6 | 97.4 | 12 |
| 2020 | 86.5 | 71.8 | 96.1 | 12 |
| 2019 | 95.6 | 94.6 | 96.3 | 12 |
| 2018 | 94.3 | 93.9 | 94.8 | 12 |
| 2017 | 92.8 | 91.5 | 94.1 | 12 |
| 2016 | 89.7 | 88.5 | 91.2 | 12 |
| 2015 | 87.6 | 86.9 | 88.4 | 12 |
| 2014 | 86.0 | 84.5 | 87.0 | 12 |
| 2013 | 83.2 | 81.9 | 84.2 | 12 |
| 2012 | 81.7 | 80.9 | 82.6 | 12 |
| 2011 | 80.2 | 79.5 | 81.3 | 12 |
| 2010 | 79.4 | 77.3 | 80.3 | 12 |
| 2009 | 77.3 | 76.8 | 77.9 | 12 |
| 2008 | 81.0 | 78.5 | 82.8 | 12 |
| 2007 | 80.7 | 79.3 | 82.2 | 12 |
| 2006 | 78.4 | 77.9 | 79.3 | 12 |
How is it measured?
Gross value added, monthly index, chained volume measures, seasonally adjusted (the ONS monthly GDP measure).
ONS publishes the monthly gross value added index monthly in ONS monthly GDP, CDID ECY2, in index (as published by ONS) and is seasonally adjusted. Code: ECY2/MGDP. Method for the monthly gross value added index.
Questions
How high is the monthly gross value added index in the United Kingdom now?
103.1 in (ONS), up 2.0% on a year earlier.
Is the monthly gross value added index high by historical standards?
The monthly gross value added index beats 100% of readings since ; its peak was 103.1 (), its low 71.8 ().
When is the monthly gross value added index updated?
Monthly, in ONS monthly GDP, CDID ECY2. Next reading: September 2026.
Where can I check the monthly gross value added index at the source?
ONS data, code ECY2/MGDP.