Monitor the UK Prelim GDP q/q to gauge economic health. Key early data impacts market forecasts.
This is the most comprehensive indicator of economic activity and serves as the primary benchmark for assessing the economy's health. Two versions of quarterly GDP are published approximately 45 days apart: Preliminary and Final, with the Preliminary report being the first and typically having the most significant impact.
What it Measures
Represents the change in the inflation-adjusted value of all goods and services produced within the economy.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is generally positive for the currency.
Source & Frequency
Office for National Statistics (latest release) - https://www.gov.uk/government/statistics • Released quarterly, around 40 days following the conclusion of each quarter.
How Data is Derived
N/A
Also Known As
GDP First Estimate
Acronym
Gross Domestic Product (GDP)