Preliminary estimate

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Preliminary estimate

The second estimate of GDP released about two months after the measurement period.

Preliminary Estimate

1. In calculating quarterly GDP, a second estimate published approximately two months after the end of a quarter. It includes information not available at the time of the advance estimate, as well as any necessary data revisions. However, it is still subject to scrutiny and potential alteration. See also: Final estimate.

2. An early calculation of the cost of a project. This calculation is made and presented to a buyer before a project has begun, and is subject to change due to both exogenous factors and endogenous factors. See also: Revised estimate.
References in classic literature ?
Caleb was so elated with his hope of this "neat turn" being given to things, that if his self-control had not been braced by a little affectionate wifely scolding, he would have betrayed everything to Mary, wanting "to give the child comfort." However, he restrained himself, and kept in strict privacy from Fred certain visits which he was making to Stone Court, in order to look more thoroughly into the state of the land and stock, and take a preliminary estimate. He was certainly more eager in these visits than the probable speed of events required him to be; but he was stimulated by a fatherly delight in occupying his mind with this bit of probable happiness which he held in store like a hidden birthday gift for Fred and Mary.
According to preliminary estimates, EUR 41.6 million will needed this year for indexation of pensions and benefits, while in 2020 - around EUR 166 million.
According to preliminary estimates, the minimum amount of insurance payments for each insured event will be about 1,0001,500 manats, while the maximum amount will be about 30,000 manats, he said.
Deputy Premier Shaikh Khalid bin Abdulla Al Khalifa, who heads a ministerial committee for financial, economic and fiscal balance affairs, and Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa outlined the preliminary estimates.
18 (Saba) - Inflation in the euro area slowed in December to 1.6 percent year-on-year, while core indexes remained stable at low levels in confirmation of preliminary estimates released earlier this month, the European Union's statistics office said.
Argo Group's preliminary estimates of catastrophe losses are based on claims received to date, policy-level reviews, discussions with distribution partners, the company's internal and external modeling resources, and publicly available industry loss estimates.
These preliminary estimates include the contribution from the Stitch acquisition, which closed on November 9, 2018."
Ampco-Pittsburgh Corporation (NYSE:AP) announced on Saturday that it has closed on a sale and leaseback transaction for gross proceeds of USD19.0m and provided preliminary estimates of selected operating results for its third fiscal quarter ending 30 September 2018.
The council also discussed the preliminary estimates of public revenues, public spending, deficit, financing means and the level of public debt, to be re-presented to the Council at the next meeting.
Preliminary estimates issued by the Federal Authority for Competitiveness and Statistics indicate growth in the economic performance of the UAE in general, which came as a result of growth in oil resources and rise in international oil prices and growth in non-oil sectors, Sultan Bin Saeed Al Mansouri, Minister of Economy, said.
The above amounts are preliminary estimates. There can be no assurance that Vornado's final results will not differ from these preliminary estimates as a result of quarter-end closing, review procedures, or review adjustments, and any such changes could be material.

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