Track the UK Index of Services 3m/3m to gauge service sector growth, vital for economic health.
GVA represents the difference between the value generated from a service and the costs of the goods and services used in providing that service.
What it Measures
Indicates the change in overall GVA within both the private and public service sectors.
Usual Effect
An 'Actual' figure exceeding the 'Forecast' is favorable for the currency.
Source & Frequency
Office for National Statistics (latest release) - https://www.gov.uk/government/statistics • Published monthly, approximately 40 days following the end of the month.
How Data is Derived
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Also Known As
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Acronym
Gross Value Added (GVA)