The index reflects the change in the market value of all goods and services intended for direct consumption and produced in a given period in all economic sectors within the territory of the state for the purpose of consumption, export and accumulation, regardless of ethnicity of the used factors of production. It is the most comprehensive indicator of economic situation.
The GDP can be represented as follows: GDP = C + I + S + E - M, where C means consumption, I - investment, S - government expenditures, E - export, M - Import.
The index is published quarterly and is divided into three values — preliminary, revised and final.
Preliminary data is the earliest, and therefore has the greatest impact on the markets.
Effect of market
The index has a strong influence on the markets.
In general, the index growth or the actual value raise exceeding the forecast is a positive sign forthe Pound.