Quarterly Revised GDP YoY 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 revised quarterly Gross Domestic Product (GDP) is a key indicator for measuring the total economic activity in the UK. The year-on-year GDP measures how much the economy has grown compared to the same quarter of the previous year. The revised figures reflect additional data and adjustments based on the preliminary estimates, providing a more accurate picture of the economic situation.
The revised GDP figures are released quarterly by the Office for National Statistics (ONS) and are used to assess the health and sustainability of economic growth. 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.
Policymakers use GDP data to adjust monetary and fiscal policies to stabilize the economy. 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 revised 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 | ||
