UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 2 (Apr to June) and Quarter 3 (July to Sept) 2017, unrevised from the second estimate of GDP.
Services remained the strongest contributor to growth in the output approach to GDP in Quarter 3 2017, with production also providing a positive contribution.
Household spending grew by 0.5% in Quarter 3 2017, providing the strongest contribution to the expenditure approach to GDP; while growth has increased compared with the first two quarters of 2017, the underlying story is one of a slowdown in growth of household spending, with quarter on same quarter a year ago growth at 1.0%, the lowest rate since Quarter 1 (Jan to Mar) 2012.
Measures the volume of production at base year prices for the manufacturing, mining and quarrying and energy supply industries. These are seasonally adjusted figures on the index of output of the production industries.
Measures the volume of production at base year prices for the manufacturing, mining and quarrying, energy supply, and water and waste management industries. These are seasonally adjusted figures on the index of output of the production industries.
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.