Nowcasting UK GDP growth

Venetia Bell (), Lai Wah Co (), Sophie Stone () and Gavin Wallis
Additional contact information
Venetia Bell: Bank of England
Lai Wah Co: Bank of England
Sophie Stone: Bank of England

Bank of England Quarterly Bulletin, 2014, vol. 54, issue 1, 58-68

Abstract: Official estimates of UK GDP growth are published with a lag, but other data and statistical models provide an early indication of GDP growth. This article describes the approaches taken by Bank staff to produce early estimates (‘nowcasts’) of GDP growth, ahead of the publication of official estimates. Although the confidence bands around the Bank staff’s nowcasts can be large, these estimates have tended to be more accurate than those from a simple statistical model.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
https://www.bankofengland.co.uk/-/media/boe/files/ ... 8CCC0A528882E8DB0059 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0132

Access Statistics for this article

Bank of England Quarterly Bulletin is currently edited by Lindsey Fowler

More articles in Bank of England Quarterly Bulletin from Bank of England Publications Group Bank of England Threadneedle Street London EC2R 8AH. Contact information at EDIRC.
Bibliographic data for series maintained by Publications Group ().