Will the UK's monthly GDP figure published on 12th April show positive growth?
26
76
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resolved Apr 12
Resolved
YES

The UK's Office for National Statistics will publish the latest monthly GDP reading at 7:00 UK time on Friday 12th April.

This is the month-on-month figure - released around six weeks after the end of the month that is being measured (February in this case).

Will this reading show positive growth?

Resolution notes:

  • A reading of 0.0% resolves to NO

  • This market resolves based on the reading published on the day, future revisions are not relevant

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@traders

The UK just about shows growth in today's reading with 0.1% growth in February:

https://www.theguardian.com/business/2024/apr/12/uk-takes-another-step-on-path-to-exit-recession-as-gdp-rises

Next month's figure is important since we need a strong March to take us out of recession... Will the monthly figure show growth?

/SimonGrayson/will-the-uks-monthly-gdp-figure-pub-64ca6ab09495

bought Ṁ500 YES

Resolves YES @SimonGrayson

https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/february2024

  • Monthly real gross domestic product (GDP) is estimated to have grown by 0.1% in February 2024, following growth of 0.3% in January 2024 (revised up from 0.2% growth in our previous publication).