UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.6% between Quarter 2 (Apr to June) 2018 and Quarter 3 (July to Sept) 2018, unrevised from the first quarterly estimate of GDP.
GDP was estimated to have increased by 1.8% between 2016 and 2017, revised upwards by 0.1 percentage points from the previous estimate.
At headline level the GDP dataset is largely unrevised, with a 0.1 percentage point revision to Quarter 3 2017; revisions reflect the inclusion of annual benchmarks from a number of sources for 2017 and the incorporation of administrative Value Added Tax turnover data in the output approach to measuring GDP for Quarter 2 2018.
This short article examines England’s eight largest city regions, outside of London. These city regions are of particular policy interest at the present time as the potential exists for each of them to negotiate an increase in devolved powers from central government, following the recent example of Greater Manchester. This article provides a short overview of key economic data for each of the city regions, with data for England and London shown for comparison purposes.
This article presents new estimates of capital services, which are the preferred measure of capital input into production and for use in analysing and modelling productivity, as well as growth accounting analyses.