GDP (MoM) (UK)
UK GDP Back to Almost Normal
Starts Wednesday, October 17, 2018 at 03:08
Updated Wednesday, October 10, 2018
The pace of expansion of the UK economy has been slowing in the last several months. In June, the pace of the economic expansion declined further to just 0.1% a month. The annualized number also declined, which showed that the British economy is not performing well at the moment. But it returned to 0.3% in July, which is a pretty good growth rate for a month, if it is sustained throughout the year. Please follow us for live coverage in real time of the event by experienced analysts.
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About GDP (MoM) (UK)
Gross Domestic Product (GDP) measures the total value of a country’s industrial output over a given period. It consists of the aggregate domestic production of goods and services by individuals, businesses, and government. GDP data is available in dollar or index form. U.K. GDP (MoM) is the comparison of growth from one fiscal quarter to the next, represented in a percentage format.GDP (MoM) is a leading indicator of U.S. economic health. High levels of GDP growth are viewed as being positive for U.K. indices as well as the GBP. Low levels of growth are negative to most asset classes and are common to recessionary cycles. The Bank of England (BOE) places a great deal of emphasis on monthly and yearly GDP. Robust growth is often a prelude to monetary tightening, while stagnate levels provide an environment conducive to Quantitative Easing (QE).Traders monitor GDP (MoM) releases closely. Abnormal reports may cause rapid buying or selling of the U.K. indices or GBP. Currency, equities, and commodities markets all exhibit enhanced degrees of volatility surrounding the GDP release.