Model-based early estimates of regional gross value added in England, Wales, Scotland and Northern Ireland, Quarter 3 (Jul to Sep) 2022
We are working with the Economic Statistics Centre of Excellence (ESCoE) to widen the range of sub-national data sources included in the model. We hope this will improve the model’s ability to nowcast performance in times of economic change. It is likely we will make these improvements by the end of 2022.
Following this redevelopment work, we need to reassess the model-based performance. During this development period and given the economic uncertainty, we plan to pause the model-based estimates until we have completed the redevelopment work.
Summary
This release will publish experimental model-based estimates of quarterly regional Gross Value Added (GVA) output for the nine English regions, Wales, Scotland and Northern Ireland.
The model-based estimates are produced using an econometric model created as part of the Economic Centre of Excellence (ESCoE) Research Project, Regional Nowcasting in the UK.
Pre-release access list
The phrase 'Pre-release Access' refers to the practice whereby official statistics in their final form, and any accompanying written commentary, are made available to an eligible person in advance of their publication. The rules and principles which govern pre-release access are featured within the Pre-release Access to Official Statistics Order 2008.
Besides ONS staff, the following persons are given pre-release access by the period indicated before release.