News 29 Apr 2016

Preliminary GDP flash estimate in 30 days for Europe

From 29 April 2016 onwards, Eurostat will publish preliminary flash estimates of quarterly GDP for the euro area (EA) and for the European Union (EU) at about 30 days after the end of the quarter (t+30). 

This earlier publication is an achievement of the European Statistical System, as Member States contribute by providing their national estimates to Eurostat two weeks earlier than before. 

The methodology mainly follows the current methodology for the GDP flash estimates published 45 days after the end of the quarter (t+45). The main difference is the use of more preliminary country estimates. Because of the earlier timing, data for the third month of the quarter often have to be (at least partially) estimated by Member States.

Further information on Eurostat's website

Eurostat's video on the topic