Preliminary, second and final estimates of GDP released over a quarter as more data becomes available. The final estimate is published in the Quarterly National Accounts. GDP is the main measure of UK economic growth based on the value of goods and services produced during a given period.
The first of our new rolling estimates of GDP shows a mixed picture of the UK economy with modest growth driven by the services sector, partly offset by falling construction and industrial output.
Retailing, computer programming and legal services all performed strongly in the three months to May while housebuilding and manufacturing both contracted.
Services, in particular, grew robustly in May with retailers enjoying a double boost from the warm weather and the royal wedding. Construction also saw a return to growth after a weak couple of months.
Records and describes economic activity in the UK and as such is used by government, banks, academics and industries to formulate the economic and social policies and monitor the economic progress of the UK.
Paddington 2 is at the top of UK box office charts and Star Wars: The Last Jedi has just hit cinema screens. With two UK-made movies set to dominate the cinemas over Christmas, how much is the industry worth to the UK economy?