Preliminary estimate

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Preliminary estimate

The second estimate of GDP released about two months after the measurement period.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
AXIS said that the preliminary estimate is net of estimated recoveries from reinsurance and retrocessional covers and includes the impact of estimated reinstatement premiums.
Revised data showed Japan's economy contracted at an annualized 0.6 percent in the first quarter, unchanged from the preliminary estimate, raising the prospect of a recession if weakness persists in April through June.
Tokyo, Jumada II 20, 1439, March 08, 2018, SPA -- Japan's economy grew at an annualized rate of 1.6 per cent in the last quarter of 2017, revised up from a preliminary estimate of 0.5 per cent, the government said Thursday, according to dpa.
The 1st Preliminary Estimate of Japanese GDP is released about one month after a particular quarter ends, and about two months later the 2nd Preliminary Estimate is released.
The data released Tuesday is aAaAaAeAeAaAeAeA preliminary estimate of GDP, w can change as more data become available,AaAaAeAeAaAeAeA "but these revisions typically small between the preliminary and third estimates of GDP," according to ONS.
[GRAPHICS OMITTED] Real GDP and Components, 2007:11 (Preliminary estimate) Quarterly Annualized percent change, change, last: billions of Four 2007:IIQ preliminary estimate 2000$ Quarter quarters Real GDP 111.2 4.0 1.9 Personal consumption 29.5 1.4 2.9 Durables 5.2 1.7 5.0 Nondurables -2.1 -0.4 2.5 Services 26.0 2.3 2.8 Business fixed investment 35.2 11.1 4.1 Equipment 10.9 4.2 0.6 Structures 17.8 27.7 12.8 Residential investment -15.3 -11.6 -16.4 Government spending 20.2 4.1 1.9 National defense 10.2 8.6 2.8 Net exports 41.0 -- -- Exports 24.9 7.6 7.1 Imports -16.1 -3.2 1.9 Change in business 5.3 -- -- inventories Source: Bureau of Economic Analysis.
The monthly report of the Paris-based International Energy Agency (IEA) gives a preliminary estimate for November exports of 990,000 barrels a day.
The bill of materials of the iPhone 6 equipped with 16 GB of NAND flash memory amounts to $196.10, according to a preliminary estimate by the Teardown Mobile Handsets Intelligence Service at IHS Technology.
Census has boosted its preliminary estimate of construction for 2004 from $1 trillion to nearly $1.03 trillion.
For 1978-99, the average revision (without regard to sign) from the preliminary estimate to the final estimate was 0.3 percentage point.

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