UK Q1 GDP QoQ Preliminary

Office for National Statistics announced the UK Q1 GDP QoQ Preliminary on 2025-05-15. The reported figure stands at 0.7%, against a forecast of 0.6%, with the prior figure recorded as 0.10%.

Regarding the UK Q1 GDP QoQ Preliminary, Actual value > Forecast value = Positive for the Pound, GDP is the abbreviation for gross domestic product, which is the total value of all final products produced and services provided in an economy within a certain period (a quarter or a year) in a country or region. A significant increase in a country's GDP reflects robust economic development, an increase in national income, and an enhancement in consumption capacity. In this case, the country's central bank may raise interest rates and tighten the money supply. A good economic performance and rising interest rates will increase the attractiveness of the country's currency.

This data holds an importance level of , calculated using Release quarterly and annual data, and updates monthly. The next release is set for 2025-08-14 14:00:00.

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