Advance Estimate

(redirected from Advance Estimates)

Advance Estimate

In calculating quarterly GDP, the first estimate published approximately one month after the end of a quarter. It includes all information then available, but because relevant information may not be available immediately or may be subject to revision, it is subject to scrutiny and is usually revised in the preliminary estimate and later in the final estimate. As a result, the advance estimate is considered important as a guideline to performance in a quarter, but it is not necessarily the most accurate measure.
References in periodicals archive ?
As per the Second Advance estimates released by Central Statistics Office (CSO) the growth of Gross Domestic Product (GDP) is estimated to be 6.
1 percent in 2016-17, the Central Statistics Office (CSO) releasing the first advance estimates of GDP growth for current financial year on Friday said.
Chart 1 provides an illustration of this point by plotting advance estimates of real GDP growth over 23 years, 1993 to 2015, against the latest estimates.
This is an advance estimate and advance estimates are subject to revisions - usually two-three revisions.
The figures are based on advance estimates from the Bureau of Economic Analysis.
Economic Affairs Secretary Shaktikanta Das said, the Central Statistical Organisation will provide provisional advance estimates of GDP by January 7 so that the data can be incorporated in preparing the budget.
8 percent in the second quarter on a seasonally adjusted and annualized basis, the Ministry of Trade and Industry's advance estimates showed on Monday, a much weaker outcome than the median forecast of 2.
25 June 2014 - Credit card ABS delinquencies are expected to touch new lows for the May reporting period according to advance estimates of New York-based ratings agency Fitch's Prime 60+ Day Delinquency Index.
The Ministry of Trade and Industry raised the forecast on the back of advance estimates that showed the country's gross domestic product expanded by 19 percent in the second quarter of this year compared with the same period a year ago, and 26 percent over the previous quarter.
1 percentage points in the preliminary and advance estimates, respectively.
7 percent expansion of the first quarter, according to the government's advance estimates released Monday.
In the fourth quarter of 2000, according to advance estimates, current-dollar gross domestic product (GDP) rose 3.

Full browser ?