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Gross Domestic Product (QoQ)

The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

Next event - Friday 29 September 2023 06:00

Previous
0.2%
Forecast
0.2%
Actual
-

The typical/expected impact on GBP pairs is high.

The consensus forecast for Gross Domestic Product (QoQ) is 0.2%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.

Most recent - Friday 11 August 2023 06:00

Previous
0.1%
Revised
-
Forecast
0%
Actual
0.2%

Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product (QoQ) was 0.2% against a forecast of 0%.

Past events

Date
Forecast
Actual
Friday 11 August 2023 06:00
0%
0.2%
Friday 30 June 2023 06:00
0.1%
0.1%
Friday 12 May 2023 06:00
0.1%
0.1%
Friday 31 March 2023 06:00
0%
0.1%
Friday 10 February 2023 07:00
0%
0%
Thursday 22 December 2022 07:00
-0.2%
-0.3%
Friday 11 November 2022 07:00
-0.5%
-0.2%
Friday 30 September 2022 06:00
-0.1%
0.2%
Friday 12 August 2022 06:00
-0.2%
-0.1%
Thursday 30 June 2022 06:00
0.8%
0.8%
Thursday 12 May 2022 06:00
1%
0.8%
Thursday 31 March 2022 06:00
1%
1.3%
Friday 11 February 2022 07:00
1.1%
1%
Wednesday 22 December 2021 07:00
1.3%
1.1%
Thursday 11 November 2021 07:00
1.5%
1.3%
Thursday 30 September 2021 06:00
-1.5%
5.5%
Thursday 12 August 2021 06:00
4.8%
4.8%
Wednesday 30 June 2021 06:00
-1.5%
-1.6%
Wednesday 12 May 2021 06:00
-1.6%
-1.5%
Wednesday 31 March 2021 06:00
1%
1.3%
Friday 12 February 2021 07:00
0.5%
1%
Tuesday 22 December 2020 07:00
15.5%
16%
Thursday 12 November 2020 07:00
15.8%
15.5%
Wednesday 30 September 2020 06:00
-20.4%
-19.8%

Economic context

Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:

PreviousLatest
S&P Global/CIPS Composite PMIBearish change48.646.8
S&P Global/CIPS Manufacturing PMIBullish change4344.2
S&P Global/CIPS Services PMIBearish change49.547.2
Retail Sales (MoM)Bullish change-1.1%0.4%
Retail Sales (YoY)Bullish change-3.1%-1.4%
Retail Sales ex-Fuel (MoM)Bullish change-1.4%0.6%
Retail Sales ex-Fuel (YoY)Bullish change-3.3%-1.4%
GfK Consumer ConfidenceBullish change-25-21
BoE MPC Vote Rate Cut(no change)00
BoE MPC Vote Rate HikeBearish change84
Consumer Price Index (MoM)Bullish change-0.4%0.3%
Consumer Price Index (YoY)Bearish change6.8%6.7%
Core Consumer Price Index (YoY)Bearish change6.9%6.2%
PPI Core Output (MoM) n.s.aBearish change0.1%-0.1%
PPI Core Output (YoY) n.s.a Bearish change2.2%1.6%
Producer Price Index - Output (MoM) n.s.a(no change)0.2%0.2%
Producer Price Index - Output (YoY) n.s.aBullish change-0.7%-0.4%
Retail Price Index (MoM)Bullish change-0.6%0.6%
Retail Price Index (YoY)Bullish change9%9.1%
Consumer Inflation ExpectationsBullish change3.5%3.6%

About Gross Domestic Product (QoQ)

Country:United Kingdom
Currency:GBP
Source:
Category:Economic Activity
Frequency:Quarterly

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