Dataset:UK Economic Accounts time series dataset
Corrections and notices
30 June 2017
Correction - financial corporations gross operating surplus, percentage change, latest quarter on corresponding quarter of previous year
A processing error has been identified in the presentation of the financial corporations gross operating surplus, percentage change, latest quarter on corresponding quarter of previous year (CDID KH3P - Table 1.1.11). Data presented previously related to total imports four quarter growth rate. This error has been corrected in this publication, the United Kingdom Economic Accounts, published on 30 June 2017. No other series or publications are impacted by this error.
ONS apologises for any inconvenience
31 March 2017
A processing error has been identified in the presentation of the total final consumption expenditure implied deflator (CDID YBGA - Table 1.1.2). Data presented previously related to the households final consumption expenditure implied deflator. This error has been corrected in the United Kingdom Economic Accounts published on 31 March 2017. No other series are impacted by this error.
We apologise for any inconvenience.
31 March 2017
ONS has identified a processing error in the repayments of UK corporate bonds. ONS is investigating the options for addressing the error and will publish further details and revised data as soon as possible. The series known to be directly affected is XBLX: Debt securities investment in the UK. There will be a knock on impact on high level aggregates within the financial account.
20 February 2017
The error previously announced regarding the seasonally adjusted component level of imports and balances of trade in services has now been corrected. Table F within the Balance of Payments release and table B3 within the UK Economic Accounts have now been updated, along with their respective time series data between Quarter 1 (Jan to Mar) 2012 and Quarter 4 (Oct to Dec) 2014. We apologise for any inconvenience.
23 January 2017 16:00
An error has been found in the breakdown of imports of trade in services estimates between Quarter 1 (Jan to Mar) 2012 and Quarter 4 (Oct to Dec) 2014. Total trade in services imports estimates are unaffected. The error involves some non-seasonally adjusted data being presented as seasonally adjusted data for this period.
The error impacts the quarterly Balance of Payments release (Table F) and the UK Economic Accounts publication (Table B3), as well as associated time series data. Since total trade in services aggregates and all annual estimates are unaffected, GDP, Blue Book and Pink Book releases are unaffected. All geographical estimates are also unaffected. The error will be corrected in the affected publications as soon as possible.
We have also identified a separate processing error in the exports and imports of manufacturing and maintenance services, where the non-seasonally adjusted series has been published instead of the seasonally adjusted series for Quarter 3 (July to Sept) 2015 to Quarter 3 2016 in the same publications as listed above. The impact on this specific service is small and there is no impact on total services and other aggregates. This error will be corrected in the quarterly national accounts and balance of payments in September 2017 in line with the national accounts revisions policy.
We apologise for any inconvenience. Please contact Hannah Finselbach for more information.
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.
22 December 2017
The Office for National Statistics (ONS), like all government departments, has to ensure all of its outputs meet accessibility guidelines. As a result, from the Quarter 4 (Oct to Dec) 2017 (29 March 2018) release onwards we will no longer be publishing a PDF file of the United Kingdom Economic Accounts (UKEA). The data contained in the current PDF file will continue to be available within the UKEA dataset and reference tables that are currently published.
14 December 2017
A processing error has been identified impacting historical estimates (pre-1997) of some component series of household final consumption expenditure. The impacted data include a number of non-seasonally adjusted chained volume measure series, the seasonally adjusted chained volume measure of net tourism series and implied deflators.
We will correct these historic series at the earliest available opportunity, alongside the quarterly national accounts releases on the 22 December 2017. None of the changes will have an impact on total household final consumption expenditure or total gross domestic product.
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%.