MoM

Month on Month, particularly in the context of percentage growth or decline.

The economic impacts of Covid-19 to date

"It is clear that the Covid-19 outbreak and measures designed to tackle it have led to a very large and rapid decline in economic activity that is without precedent in recent times...

As these effects began to develop, GDP fell by 2% in Q1 (with a 5.8% MoM drop in March), and a range of business surveys have shown unprecedented weakness since then."

Michael Saunders, External Member of the Bank of England's Monetary Policy Committee, May 2020.

See also

• Bank of England
• COVID-19
• Gross domestic product (GDP)
• Monetary Policy Committee
• Q1
• QoQ
• YOY
• YTD