Economic Indicators, October 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 articles: "UK recovery: how strong and how long?" and "Scotland’s currency choices"
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.
• GDP grew by 0.7% in Q2 2013, following growth of 0.4% in Q1. Output increased in each of the manufacturing, construction and service sectors.
• Employment was 29.84 million in May-July 2013, up 80,000 on the previous quarter, while unemployment fell by 24,000 to 2.49 million.
• Retail sales, an indicator of household consumption, increased in value by 4.0% in June-August 2013 compared with the same period last year, while consumer and business surveys indicate rising confidence.
This month’s articles: "UK recovery: how strong and how long?" and "Scotland’s currency choices"