National Accounts Co-ordination
Telephone: +44 (0)1633 456099
Categories: Economy, National Accounts, National Income, Expenditure and Output, GDP by Category of Expenditure, GDP by Category of Income, GVA by Category of Output, Main Aggregates of National Accounts
Frequency of release: Quarterly
Geographical coverage: UK
Geographical breakdown: UK
UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.3% between the fourth quarter of 2012 and the first quarter of 2013, unrevised from the previous publication. In current prices GDP was estimated to have increased by 1.6% over the same period.
The main contributors to the increase in GDP in the latest quarter were: changes in inventories, including the alignment adjustment, which increased by £2.5 billion in volume terms and; household final consumption expenditure, which increased by 0.1%.
GDP in volume terms increased by 0.6% when comparing the first quarter of 2013 with the first quarter of 2012. Between the years 2011 and 2012, GDP in volume terms increased by 0.3%.
These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.