Errors have been found in the sector breakdowns of Gross Fixed Capital Formation (GFCF), published on 27 June 2013. These have now been corrected. This correction has no impact on the estimates of total GFCF and therefore no impact on Gross Domestic Product.
The following series have been corrected in the Business Investment Q1 2013 Results – By Sector and Asset:
NPEM, KG75, KG6V, NPEK, NPEN, KG7S, KG7P, KG7M, NPEL, DFDK, KH87, KH83, GGAE, DFDV, KH9K, KH9A, DFEG, L5ZQ, L64M, L64L, L62T, L62K, L656, L655, L636, L5YQ, L64G, L64F, L62R, L62M, L64V, L64U, L634, KH7R, KH7P, RPZG, DLXP, KG79, KG6Z, TLPK, EQDT, KH9S, KH9I, EQDO, DLXJ, EQBX, EQBV, DEEP, DLWZ, DLWJ, EQBW, DEEQ, DLXI and DLWM
These errors also affect GFCF sector breakdowns published in the Quarterly National Accounts (in Table F and K2; and quarterly net lending by sector in Table I will also be affected.) In addition, the errors impact on Table A8 of the United Kingdom Economic Accounts. Due to the integrated nature of the accounts, quarterly seasonally adjusted data for sector breakdowns of gross fixed capital formation (P.51), total gross capital formation (P.5) and subsequent aggregate series are also affected in the following United Kingdom Economic Accounts tables: A19, A22, A22C, A26, A31, A36, A41, X2 and X7.
These publications will be corrected when next published – 26 September 2013.
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This release adopts significant improvements to the estimation of gross fixed capital formation, leading to larger than usual revisions.
Gross fixed capital formation increased by 0.2% between Q4 2012 and Q1 2013.
Business investment decreased by 1.2% between Q4 2012 and Q1 2013.
Source: Office for National Statistics
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