Economic Indicators, May 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
Preliminary estimates suggest that GDP grew by 0.3% in Q1 2013, following a 0.3% contraction in Q4 2012. GDP remains 2.6% below its pre-recession level in Q1 2008.
Unemployment was 2.56 million and employment was 29.70 million in the quarter to February 2013.
Mid-April saw a sharp fall in the price of gold, signalling a cooling of investor sentiment in this important commodity market.
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