    {"id":145891,"date":"2023-09-07T09:52:49","date_gmt":"2023-09-07T07:52:49","guid":{"rendered":"https:\/\/investmentbell.com\/?p=145891"},"modified":"2023-09-07T10:09:24","modified_gmt":"2023-09-07T08:09:24","slug":"after-big-gdp-revision-uk-statisticians-seek-faster-data-access","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/tr\/news\/forex-news\/after-big-gdp-revision-uk-statisticians-seek-faster-data-access\/","title":{"rendered":"After big GDP revision, UK statisticians seek faster data access"},"content":{"rendered":"<p>LONDON, Sept 6 (Reuters) &#8211; Britain&#8217;s statistics office requested earlier access to key economic data on Wednesday, a few days after it sharply revised its estimate of the size of the economy at the end of 2021 which caught many analysts by surprise.<\/p>\n\n\n\n<p>A senior official at the Office for National Statistics asked Britain&#8217;s statistics regulator to review the outcome of its upcoming work on how it revised its estimates of the swings in the economy around the coronavirus pandemic period.<\/p>\n\n\n\n<p>&#8220;We also wish to explore potential means by which key data might be made available to the ONS earlier in the production cycle,&#8221; Michael Keoghan, ONS deputy national statistician, said in the letter to the Office for Statistics Regulation.<\/p>\n\n\n\n<p>The ONS collects a lot of data itself through surveys of businesses and households, but relies on government departments and other agencies for certain numbers.<\/p>\n\n\n\n<p>The letter did not specify what data the ONS was seeking to receive earlier, but said this would help it to show a wider picture of the economy sooner than is currently the case.<\/p>\n\n\n\n<p>On Friday, revised data from the ONS showed that Britain&#8217;s economy\u00a0<a href=\"https:\/\/www.reuters.com\/world\/uk\/uk-statistics-office-revises-up-strength-post-covid-bounce-back-2023-09-01\/\" target=\"_blank\" rel=\"noopener\">performed more strongly<\/a>\u00a0than previously thought in its recovery from the pandemic and was ahead of other big European countries at the end of 2021 rather than lagging behind them.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost145891\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost145891').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>LONDON, Sept 6 (Reuters) &#8211; Britain&#8217;s statistics office requested earlier access to key economic data on Wednesday, a few days after it sharply revised its estimate of the size of the economy at the end of 2021 which caught many analysts by surprise. A senior official at the Office for National Statistics asked Britain&#8217;s statistics [&hellip;]<\/p>","protected":false},"author":13,"featured_media":145894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":{"0":"post-145891","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forex-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/posts\/145891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/comments?post=145891"}],"version-history":[{"count":1,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/posts\/145891\/revisions"}],"predecessor-version":[{"id":145895,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/posts\/145891\/revisions\/145895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/media\/145894"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/media?parent=145891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/categories?post=145891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/tags?post=145891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}