Economic Indicators, April 2013
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
Economic situation
Briefing
GDP contracted by an estimated 0.3% in Q4 2012 – GDP remains 3.0% below its pre-recession level in Q1 2008. Unemployment was 2.52 million and employment rose to 29.73 million over the quarter to January 2013. In the services industry, which accounts for three quarters of UK economic output, confidence has risen in each of the past three months, diminishing fears of a contraction in GDP in Q1 2013.
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