In May 2014, output in the construction industry was estimated to have fallen by 1.1% compared with April 2014. Both new work and repair and maintenance fell by 1.1%.
Quality Adjusted Labour Input measures labour input into production which accounts for the differing skill levels of different workers, as well as hours worked.
The UK’s deficit on seasonally adjusted trade in goods and services was £2.4 billion in May 2014. The deficit on trade in goods was £9.2 billion. The surplus on trade in services was estimated at £6.8 billion.
This article is one of a series of articles published on 9th July 2014 covering some of the methodological changes that are being made in this year's Blue Book.
Production output increased by 2.3% in May 2014, compared with May 2013. Manufacturing output increased by 3.7% in May 2014, compared with May 2013.
An independent review of the UK's National Accounts and Balance of Payments. The review confirms that the National Accounts are of a good standard. The report contains a range of recommendations and suggestions for further improvements, to meet both immediate challenges and those of the future.