Economic Indicators, November 2013
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This month's article are Wants, needs and desires: What can households no longer afford? and A typical apprenticeship
Briefing
GDP grew by 0.8% in Q3 2013 compared with the previous quarter, following growth of 0.7% in Q2 and 0.4% growth in Q1. GDP remains 2.5% below its peak in Q1 2008.
Employment grew by 155,000 (to 29.87 million) and unemployment fell by 18,000 (to 2.49 million) in June-August 2013.
Continued GDP growth and strong labour market data has boosted industry confidence, and October saw the sharpest increase in service industry confidence in over 15 years.
Documents