Britain to release its GDP data on a monthly basis

Expecting a significant slowdown following its decision to leave the EU, Britain now aims to take quick corrective moves by this step.

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Britain to release its GDP data on a monthly basis © Daily Management Review

On Thursday, Britain’s Office for National Statistics stated from July 2018 onwards, it will release the country’s GDP data every month.

“ONS has today announced that, following a consultation, it will go ahead with plans to introduce a new publishing model for its short-term output indicators, including a monthly and rolling 3-monthly estimate for GDP,” said the Office for National Statistics in a statement.

The July release will contain the first estimate of Britain’s economic growth covering May 2018.

References: reuters.com

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