Dataset:UK Economic Accounts: main aggregates
28 September 2018
ONS identified that a publication error caused the total change in inventories series (ABMQ) for 1997 and 1997 Q1 to appear incorrectly in tables 1.1.2 and 1.1.9 within the United Kingdom Economic Accounts (UKEA) published 29 June 2018. The series Other Industries (DLWV), which appears within table 1.1.9 only, was likewise affected for the same periods. Both of these series have now been updated from their previous incorrect value of -£1,800 million to £0 million for Quarter 1 (Jan to Mar) 1997. ABMQ has been corrected to £3,069 million for 1997 from the previously incorrect £1,269 million and DLWV has been corrected to £1,072 million from the previously incorrect £728 million.
Additionally, the following Gross Fixed Capital Formation series showed incorrect values within table 1.1.8 within the UKEA published 29 June 2018, for the years 1987 to 1996 only:
DLWJ – Transport Equipment
DLWM – ICT equipment and other machinery and equipment
EQDN – General Government
EQDT – Intellectual property products
L62K – Private Sector – Dwellings
L62L – Private Sector – Costs of transfer of ownership of non-produced assets
L62M – Public Corporations – Dwellings
L62N – Public Corporations – Costs of transfer of ownership of non-produced assets
These series have now been updated with growth for these series unchanged from that previously reported on 29 June 2018 for the years affected.
These issues only impact the values in tables 1.1.2, 1.1.8 and 1.1.9 and do not impact any aggregations dependant, including GDP.
ONS apologises for any inconvenience this may have caused. For any further information please contact GCF@ons.gov.uk.
5 July 2018
We identified that the index values and growth rates for the Business Services and Finance sector within the United Kingdom Economic Accounts publication were incorrect. These have now been amended. This correction affects table 1.1.6 of the publication.
The error did not impact any top-level data, so there is no impact on either GDP or Index of Services.
ONS apologises for any inconvenience this may have caused.