An unofficial estimate of UK GDP that comes out one month before the official release. Calculated using statistical projection techniques, the NIESR estimates are highly respected and can influence monetary policy.
The meaning and consequences of the report are very close to those for official GDP numbers. A high rate of growth signals a heightened level of economic activity. Such expansion also raises concerns about inflationary pressure, which may prompt monetary authorities to increase interest rates. Accordingly, high NIESR GDP Estimates are generally bullish for the Pound, while negative readings are bearish.
Relevance: Tends to move markets on release
Release schedule : 23:01 (GMT); monthly, within 2 weeks of reporting month’s end
Source of report : National Institute of Economic and Social Research
Web Address : http://www.niesr.ac.uk
Address of release : http://www.niesr.ac.uk/gdp/gdpestimates.php
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