October 19, 2017 / 9:33 AM / a year ago

Britain to launch monthly GDP estimates next July

FILE PHOTO: Workers pose as they run round a track, unveiled as the highest running track in London, at the White Collar Factory in the 'tech belt' hub near Old Street in London, September 5, 2017. REUTERS/Toby Melville/File Photo

LONDON (Reuters) - Britain’s Office for National Statistics said on Thursday it will introduce a monthly measure of gross domestic product (GDP) in July next year.

“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,” it said in a statement.

The release next July will contain the first estimate of economic growth covering May 2018.

Reporting by Andy Bruce; editing by Stephen Addison

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