NIESR United Kingdom Gross Domestic Product (GDP) Estimate

Country:
United Kingdom
GBP, Pound sterling
Sector:
GDP
Medium 0.4% 0.7%
0.6%
Last release Importance Actual Forecast
Previous
0.3%
0.4%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

NIESR Gross Domestic Product (GDP) Estimate is published by the National Institute of Economic and Social Research. This is an informal preliminary monthly calculation of national GDP based on statistical models and published data. The index measures the change in the estimated value of all goods and services produced in the UK during the past three months.

The calculation covers five conditional sectors of the UK economy: industry, agriculture, construction, private services and public services (education, health, defense, administration). The calculation is based on monthly published indexes relating to these sectors. These include the production index, the volume of construction, the service sector production index, retail sales, etc.

There are no obvious indicator variables available for agriculture and public services. Therefore, data for these sectors are calculated using interpolation and mathematical models, taking into account previously received data.

The NIESR report is released three weeks before the official quarterly statistics release and is interpreted by analysts as a preliminary alternative GDP forecast. Resulting figures are normally well correlated with the official estimate of the gross domestic product. However, the indicator does not have a significant impact on the pound sterling quotes, since it often serves as a preliminary guide for traders before the official quarterly statistics release.

Last values:

actual data

forecast

The chart of the entire available history of the "NIESR United Kingdom Gross Domestic Product (GDP) Estimate" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Oct 2018
0.4%
0.7%
0.6%
Sep 2018
0.7%
0.7%
0.7%
Aug 2018
0.6%
0.7%
0.6%
Jul 2018
0.5%
0.4%
0.4%
Jun 2018
0.4%
0.3%
0.2%
May 2018
0.2%
0.4%
0.0%
Apr 2018
0.1%
0.4%
0.1%
Mar 2018
0.2%
0.3%
0.1%
Feb 2018
0.3%
0.3%
0.4%
Jan 2018
0.5%
0.3%
0.5%
Dec 2017
0.6%
0.3%
0.6%
Nov 2017
0.5%
0.3%
0.5%
Oct 2017
0.5%
0.3%
0.4%
Sep 2017
0.4%
0.3%
0.5%
Aug 2017
0.4%
0.3%
0.2%
Jul 2017
0.2%
0.3%
0.3%
Jun 2017
0.3%
0.2%
May 2017
0.2%
0.2%
Apr 2017
0.2%
0.3%
Mar 2017
0.5%
0.5%
Feb 2017
0.6%
0.8%
Jan 2017
0.7%
0.6%
Dec 2016
0.5%
0.5%
Nov 2016
0.4%
0.4%
Oct 2016
0.4%
0.5%
Sep 2016
0.4%
0.3%
Aug 2016
0.3%
0.4%
Jul 2016
0.3%
0.6%
Jun 2016
0.6%
0.5%
May 2016
0.5%
0.4%
Apr 2016
0.3%
0.3%
Mar 2016
0.3%
0.3%
Feb 2016
0.3%
0.4%
Jan 2016
0.4%
0.6%
Dec 2015
0.6%
0.6%
Nov 2015
0.6%
0.6%
Oct 2015
0.6%
0.5%
Sep 2015
0.5%
0.5%
Aug 2015
0.5%
0.7%
Jul 2015
0.7%
0.7%
Jun 2015
0.7%
0.6%
May 2015
0.6%
0.5%
Apr 2015
0.4%
0.3%
Mar 2015
0.6%
0.6%
Feb 2015
0.6%
0.7%
Jan 2015
0.6%
0.6%
Dec 2014
0.5%
0.7%
Nov 2014
0.7%
0.7%
Oct 2014
0.7%
0.7%
Sep 2014
0.7%
0.6%

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Your embed code

Copy widget codeCopied

Preview