Dataset:United Kingdom Economic Accounts time series dataset
Corrections and notices
6 December 2016
A processing error has been identified in the measurement of UK Trade affecting the period January 2015 to September 2016. Although it will change the expenditure components of GDP for the same period there is no impact on headline GDP as the affected elements of trade will be offset in the acquisitions less disposals of valuables component. The correction will be incorporated into the Quarter 3 (July to Sept) 2016 Quarterly National Accounts and Quarterly Balance of Payments releases on 23 December 2016. Further details including the indicative impacts on UK Trade and the current account can be found in the UK trade: Sept 2016 correction notice.
30 September 2016
Following a quality review it has been identified that the methodology used to estimate elements of purchased software within gross fixed capital formation (GFCF) has led to some double counting from 1997 onwards. When this issue is amended in The Blue Book 2017 it will reduce the level of GFCF across the period by around 1.1% per year. The average impact on quarter-on-quarter GFCF growth is negative 0.02% and the average impact on quarter-on-quarter GDP growth is 0.00%.