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Release: Second estimate of GDP, Q3 2013

Released: 27 November 2013 Next edition: 20 December 2013

Contact

Matthew Hughes

National Accounts Co-ordination

gdp@ons.gsi.gov.uk

Telephone: +44 (0)1633 455827

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

Language: English

Geographical coverage: UK

Geographical breakdown: UK

Correction

28 November 2013

An error has been found in table L of the Second estimate of GDP, Q3 2013 publication - Gross value added at basic prices: individual measures. This affects series YBFR  (Output Based Estimate, Chained Volume Index , seasonally adjusted) for the period 2013 Q3.

An incorrect value of 101.5 was published for this series for 2013 Q3 - this has now been updated with the correct value of 103.2. 

There is no impact on the growth rates associated with series YBFR and there is also no impact on GDP.

ONS apologises for any inconvenience this may cause. For further information please contact gdp@ons.gsi.gov.uk.

Key points

The key points from this release are:
  • UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.8% between Q2 2013 and Q3 2013, unrevised from the Preliminary Estimate of GDP published 25 October 2013.  

  • The 0.8% increase in GDP in the latest quarter follows increases of 0.7% in Q2 2013 and 0.4% in Q1 2013. 

  • GDP in volume terms increased by 1.5% when comparing Q3 2013 with Q3 2012. 

  • GDP in current prices was estimated to have increased by 1.7% between Q2 2013 and Q3 2013. 

Contains estimates of the key components of GDP from the output, income and expenditure approaches.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
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