Quarterly Preliminary GDP QoQ 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 preliminary quarterly Gross Domestic Product (GDP) is an initial assessment indicator for measuring the total economic activity in the UK. The quarter-on-quarter GDP measures how much the economy has grown compared to the previous quarter. The preliminary figures are quickly provided based on the latest data, making them important as the first indicator of economic trends.
The preliminary GDP figures are released quarterly by the Office for National Statistics (ONS) and are used to assess short-term economic trends. High economic growth rates can lead to increased corporate earnings, higher employment, and improved consumer purchasing power. Conversely, low growth rates may indicate economic stagnation or an increased risk of recession.
The preliminary figures are crucial as initial data for policymakers to adjust monetary and fiscal policies. For example, if the economy is overheating, the Bank of England (BOE) may consider raising interest rates. Conversely, if the economy is sluggish, the government might introduce fiscal stimulus measures. The preliminary GDP figures are also important for businesses and investors, serving as fundamental data for making economic forecasts.
| 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 | ||
