Monthly GDP for the UK
United Kingdom| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-over-month Gross Domestic Product (GDP) is an indicator that shows how much the economy has grown compared to the previous month. This data is released monthly by the Office for National Statistics (ONS) and is used to evaluate short-term economic trends. It is a crucial indicator for quickly assessing the health of the economy.
If the GDP increases month-over-month, it indicates economic expansion, potentially leading to higher corporate earnings and increased employment. Conversely, a decrease suggests economic stagnation, which may result in lower corporate earnings and employment. Policymakers use GDP data to adjust monetary and fiscal policies to stabilize the economy.
For example, if the GDP shows high growth, the central bank might consider raising interest rates to control inflation risks. On the other hand, if the GDP declines, there may be a need to enhance economic stimulus measures. Additionally, this data is significant for businesses and investors, as it helps them forecast economic trends and formulate investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
