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United Kingdom Gross Domestic Product QoQ climbed to 0.6% in Q1 2026, released May 2026, up 0.4% from December's 0.2% reading. The reading matched the 0.6% consensus. The print is running well above the 12-month average of 0.26%. Gross Domestic Product QoQ is now the highest in 9 months.
across last 11 releases
May 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/USD | ▼ Inverse | −0.31 | FOREX | Bearish GBP | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Gross Domestic Product QoQ (United Kingdom) was reported at 0.6% in May 2026. This matched the market consensus of 0.6% exactly. The reading rose from the previous value of 0.2%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.29%, ranging from 0.1% to 0.7% across 8 releases. This is classified as a high-impact indicator released on a monthly basis.
The trailing three releases averaged 0.27%, up from the prior three at 0.17%.
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 11 releases, the Sigmacast model's median absolute error is 0.1%.
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Core Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
The UK Gross Domestic Product QoQ for Q1 2026 came in at 0.600000%, matching estimates and accelerating from Q4 2025’s 0.200000%. This marks a significant pickup in growth momentum after a modest previous quarter. Market focus now shifts to upcoming inflation data and Bank of England policy signals amid this stronger output. Updated 5/14/26
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released monthly.
Latest reading (Jan 2026): actual 0.6 %, consensus 0.6 %. Prior reading (Oct 2025): 0.1 %. Before that (Oct 2025): 0.1 %.
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.45) — a useful reference for forex-focused traders.
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
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| Wednesday, June 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | PPI Core Output MoM | 0.7 | 0.5 | 0.50 | Low | ||
| 06:00 | PPI Core Output YoY | 2.4 | 2.4 | 2.40 | Low | ||
| 06:00 | PPI Output YoY | 4 | 4.5 | 4.50 | Low | ||
| 06:00 | PPI Input YoY | 7.7 | 8 | 8.00 | Low | ||
| 06:00 | PPI Output MoM | 1.4 | 0.5 | 0.50 | Low | ||
| 06:00 | Retail Price Index YoY | 3 | 3.3 | 3.30 | Low | ||
| 06:00 | Retail Price Index MoM | 0.7 | 0.5 | 0.50 | Low | ||
| 06:00 | PPI Input MoM | 2.4 | 0.5 | 0.50 | Low | ||
| 06:00 | Inflation Rate MoM | 0.7 | 0.5 | 0.50 | Medium | ||
| 06:00 | Core Inflation Rate YoY | 2.5 | 2.7 | 2.70 | Medium | ||
| 06:00 | Core Inflation Rate MoM | 0.7 | 0.3 | 0.30 | Low | ||
| 06:00 | CPI YoY | 2.8 | 3 | 3.00 | High | ||
| 06:00 | Inflation Rate YoY | 2.8 | 3 | 3.00 | High | ||
| 08:30 | House Price Index YoY | 0 | 2.8 | 2.80 | Low | ||
| Thursday, June 18, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | Employment Change | 148 | 80 | 124.00 | Medium | ||
| 06:00 | Claimant Count Change | 26.5 | 25.8 | 25.25 | Low | ||
| 06:00 | Average Earnings excl. Bonus | 3.4 | 3.3 | 3.20 | Low | ||
| 06:00 | HMRC Payrolls Change | -100 | -80 | -80.00 | Low | ||
| 06:00 | Unemployment Rate | 5 | 5 | 4.95 | High | ||
| 06:00 | Average Earnings incl. Bonus | 4.1 | 4 | 4.00 | Medium | ||
| 11:00 | BoE Interest Rate Decision | 3.75 | 3.75 | 3.75 | High | ||
| 11:00 | BoE MPC Vote Hike | 19 | 29 | 29.00 | Medium | ||
| 11:00 | BoE MPC Vote Unchanged | 89 | 79 | 79.00 | Medium | ||
| 11:00 | BoE MPC Vote Cut | 9 | 9 | 9.00 | Medium | ||
| 11:00 | Interest Rate Decision | 3.75 | 3.75 | 3.75 | High | ||