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UK GDP First Quarterly Estimate April to June 2018 +0.4%
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worldtraveller
Posts: 14,013 Forumite
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.
Main points
NB: Today’s provisional estimate of quarterly GDP is the first under the new publication model, which has been in effect from July 2018. By pushing back the publication of the first estimate of quarterly GDP by two weeks, it is expected that this will lead to improvements in the accuracy and reliability of this initial estimate. It has also allowed for a timelier publication of the expenditure and income measures of GDP.
Main points
- 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.
- The services industries and construction increased in Quarter 2 2018, by 0.5% and 0.9% respectively; while production decreased by 0.8%.
- Household spending grew by 0.3% and business investment increased by 0.5% between Quarter 1 and Quarter 2 2018.
- The trade deficit widened by £4.7 billion in Quarter 2 2018 (in current price terms), with net trade dragging on GDP growth as a result.
- Growth in compensation of employees slowed in Quarter 2 2018 to 0.6%, but continued to contribute positively to GDP growth.
NB: Today’s provisional estimate of quarterly GDP is the first under the new publication model, which has been in effect from July 2018. By pushing back the publication of the first estimate of quarterly GDP by two weeks, it is expected that this will lead to improvements in the accuracy and reliability of this initial estimate. It has also allowed for a timelier publication of the expenditure and income measures of GDP.
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...
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Comments
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UK wages rise faster than expected
https://www.bbc.co.uk/news/business-45481485
Unemployment continued to fall, dropping by 55,000 to 1.36 million, with the jobless rate remaining at 4%, its lowest level for over 40 years.
It ain't all bad.0 -
UK wages rise faster than expected
https://www.bbc.co.uk/news/business-45481485
Unemployment continued to fall, dropping by 55,000 to 1.36 million, with the jobless rate remaining at 4%, its lowest level for over 40 years.
It ain't all bad.
But I saw a homeless man on the street earlier today which completely and fully invalidates the economic system we operate under as nonviable and totally broken0 -
Not good news again? Won't anyone think of the poor remoaners?“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”0
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Not good news again? Won't anyone think of the poor remoaners?
Yes it is great being in the EU isn't it.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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