Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

ONS to make changes to some economic data releases from Jan 2017

Published 14/07/2016, 09:33
© Reuters. A worker is seen on the Cuadrilla drilling site in Balcombe, southern England

LONDON (Reuters) - Britain's Office for National Statistics said on Thursday it will make changes to the way it publishes some of its economic data, which will mean that separate measures of output in the economy will be released together.

From January 2017, the ONS will start to publish data on construction, industrial production, trade and possibly services on the same day.

"This will allow (the) ONS to present a more coherent and consistent picture of UK economic activity, thereby better supporting public discussion about the UK economy," it said in a statement.

Under the new schedule, the release of construction output will be brought forward by between one and seven days while the publication of trade data will either be unchanged or brought forward or delayed by one day.

© Reuters. A worker is seen on the Cuadrilla drilling site in Balcombe, southern England

The ONS said it was still considering whether to release data on the services sector alongside the construction, industrial production and trade figures or whether to keep it on the same day as balance of payments.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.