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Box A: New Evidence on Nowcasting Monthly UK GDP

Author

Listed:
  • Paula Bejarano Carbo
  • Rory Macqueen
  • Efthymios Xylangouras

Abstract

The Office for National Statistics (ONS) publishes a monthly estimate of gross domestic product (GDP) at a lag of around 40 days from the end of the month, reflecting the time it takes to collate data on economic output. At the same time, policymakers and businesses have an interest in knowing how the UK economy is performing as quickly as possible, especially during times of crisis. As a result, nowcasting – or forecasting in real time – GDP as accurately as possible is highly important.

Suggested Citation

  • Paula Bejarano Carbo & Rory Macqueen & Efthymios Xylangouras, 2025. "Box A: New Evidence on Nowcasting Monthly UK GDP," National Institute UK Economic Outlook, National Institute of Economic and Social Research, issue 19, pages 10-16.
    • Handle: RePEc:nsr:niesra:i:19y:2025p:10-16
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    File URL: https://niesr.ac.uk/publications/new-evidence-nowcasting-monthly-uk-gdp?type=uk-economic-outlook-box-analysis
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