Economic Indicators, March 2014
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
Economic policyEconomic situation
Briefing
• Revised estimates suggest that GDP grew by 0.7% in Q4 2013. GDP is now 1.4% below its pre-recession peak in Q1 2008.
• Inflation grew by 1.9% in January, below the Bank of England’s target for the first time since November 2009.
• Employment grew by 193,000 and unemployment fell by 125,000 in the quarter to December 2013.
• The services industry grew for the 12th successive month in December 2013, the longest period of sustained monthly growth since the 14 months to September 2007.
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