Economy

The video explains the three estimates of Gross Domestic Product. GDP is the primary indicator of economic activity and, as defined by the United Nations System of National Accounts 1993 (SNA93) and the European System of Accounts 1995 (ESA95), can be estimated in three ways, which are theoretically equal. However, as the data collected and processed by ONS are based on a variety of statistical surveys and administrative data, the three estimates can be different. In order to produce a definitive estimate of quarterly or annual GDP, balancing processes are followed.

Summary of key points from the Retail Sales release for April 2013

Summary of Consumer Price Indices

Web-based tool for NS-SEC has been developed by ONS

Total household debt in Great Britain rose between 2006/08 and 2008/10. Both financial debt and property debt increased during this period.

Summary document containing headline data from the Index of Production statistical bulletin March 2013

Correction note in full for the Service Producer Price Index (SPPI) for the British Telecoms sector.

Comparison of developments in GDP and the labour market in the latest quarter

Video Summary: GDP Preliminnary Estimates, Q1 2013

Interactive motion charts showing the regional distribution of Gross Disposable Household Income (GDHI).

A short video from the ONS looking at the 2011 regional Gross Disposable Household Income (GDHI) estimates.

This animated video podcast shows some of the key findings of Pension Trends Chapter 10 – Saving for Retirement.

Summary of Consumer Price Indices

Summary document containing headline data from the Index of Production statistical bulletin February 2013

A summary of the article looking at how the average earnings of employees in London and the UK changed between 2002 and 2012, once adjusted to take account of inflation.

This is a short video looking at Labour Productivity up to the fourth quarter of 2012.

Comparison of developments in GDP and the labour market in the latest quarter.

Quantity of goods bought within the Retail Sector rises 2.6%

Summary of Consumer Price Indices

This summary is part of the Regional Economic Indicators release, March 2013

Summary of the latest monthly statistics on trade in goods classified according to Standard International Trade Classification (SITC).

This shows the monthly construction estimates for January 2013.

Growth in UK imports of services from Europe subdued in 2011, a possible result of economic difficulties in the euro zone.

A short-term indicator of capital expenditure by UK businesses.

This chapter examines trends in labour market participation and the transition from work to retirement. Labour market activity is important in the context of pensions because earnings from employment help people to build savings and to make private pension contributions to fund their retirement. Employment also builds entitlement to state pension provision. Questions about pressures on pension adequacy and whether people are extending their working lives in response to increasing life expectancy is one reason why the transition from work to retirement is of interest. The chapter begins by looking at how the economic support ratio, a measure of the economic burden on working people, might be affected by the ageing of the UK population. It then examines changes in labour force participation over time, considers labour force participation of older age groups and examines trends in the average age of withdrawal from the labour market.