As part of the Gross Fixed Capital Formation post production quality assurance process, errors have been identified in the Gross Fixed Capital Formation series.
The following publications and associated time series have now been corrected:
Quarterly National Accounts - 2012 Quarter 1 and Quarter 2,
United Kingdom Economic Accounts - 2012 Quarter 1 and Quarter 2,
Business Investment - 2012 Quarter 1 and Quarter 2.
Chapter 9 and table 8.4 of the 2012 edition of the Blue Book is currently inconsistent with these publications. Further quality assurance work is ongoing and a correction to the relevant Blue Book tables will be published as soon as possible.
For Business Investment time series data, the error affects quarterly data in 2004, for series:
DSG5, DS39, DS3H, DS3S, DS84, DS8K, DS7U, DS8C, DSG6, DS9R, DS9Z, DSG7. DS3T, DSG8, DS3B, DS3J, DS3Y, DS86, DS8M, DS7W, DS8E, DSG9, DS9T, DSA3, DSH2, DS3Z, DSI2, DS6W, DS7I, DS3U, DS3W, NPEN, DS3N, DSI3, DS6Y, DS7K, DS42, DS43, DS44, NPEL.
The error also affects the quarterly data in 2005 Q2, for series GAN5, GAN6, GAN9, GAO2. All other periods remain unchanged.
ONS apologises for any inconvenience caused (dated 23 November 2012).
Business investment estimates are a short term indicator of capital expenditure by manufacturing and non-manufacturing businesses within the UK.
An error has been discovered in the 2004 quarterly time series data in the Business Investment statistical bulletin affecting total business investment and some disaggregated series. This error effects both current price and chained volume, non-seasonally adjusted and seasonally adjusted data and the associated quarterly growths. Annual data are not affected. GFCF branch are currently investigating this issue and the impact on the business investment components and will release the corrected data as soon as they become available. These data are also present in the Quarterly National Accounts and UKEA time series datasets.
ONS apologies for any inconvenience.
|Published date||27 September 2012|
|Geographic breakdown||UK and GB|
|Source||Quarterly Survey of Capital Expenditure|
|Telephone number||+44 (0)1633 455250|