Dataset:GDP output approach – low-level aggregates

Corrections

9 October 2019

A processing error was discovered in the historic data (1990 to 1997) within the following outputs:-

• Table 1.1.6 of the United Kingdom Economic Accounts publication
• Tables AA, AE, B1 and B2 and GDP(O) low level aggregates of the Quarterly National Accounts publication
• The timeseries datasets associated with these publications

This error affected the industry breakdown of Output GVA for these years, however, the totals were correct.

Please note that top level estimates of GDP are unaffected by this error.

This error has now been corrected.

We apologise for any inconvenience caused.

Notices

28 September 2018

We previously commented on the identification of notable revisions to growth in the services industries between quarter 4 1997 and quarter 1 1998, advising users to treat the data with caution while we investigated the revisions.

We have now completed our investigation and have discovered a discontinuity in a low-level data source feeding into the financial services industry (industry 64). Due to the annual benchmarking process, this has caused level shifts across the services sector between quarter 4 1997 and quarter 1 1998.

Please note that top level estimates of GDP are unaffected by this discontinuity.

These services sector series will be updated in the Blue Book consistent Quarterly National Accounts due for publication in September 2019, in line with the National Accounts Revisions Policy. In the meantime, we maintain the advice that users treat the services sector data contained within the low level aggregates spreadsheet prior to 1998 with caution.

We apologies for any inconvenience caused.