UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 1 (Jan to Mar) 2018 and Quarter 2 (Apr to June) 2018, unrevised from the first quarterly estimate of GDP.
Growth in the latest quarter was driven by the services sector, which increased by 0.6%, due partly to an increase in retail sales.
Household spending grew by 0.4%, while business investment decreased by 0.7% between Quarter 1 2018 and 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.