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Commons Briefing paper by Lorna Booth, Gavin Thompson and Aliyah Dar. It was first published on Tuesday, 2 October 2012. It was last updated on Tuesday, 2 October 2012.


Economic Indicators, October 2012

The ONS revised its estimate of GDP in the second quarter, from a 0.5% contraction to a 0.4% fall compared with the previous quarter. GDP has declined for three successive quarters. Household consumption, which makes up around two-thirds of GDP, was down by 0.2%. The contrast with more positive labour market data continues, with employment rising by 240,000 and unemployment relatively flat in the May-July compared with the previous quarter.

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Secondary information

Type
Research briefing
Reference
RP12-55 
Subjects
Debts Employment Exports Interest rates Economic situation Imports Economic growth Inflation Economic regions National income Pay Manufacturing industries Public expenditure Prices Overseas trade Public finance Trade Retail trade Unemployment Trade agreements Housing market Retail prices index Exchange rates Consumer prices index Balance of trade Productivity Balance of payments
Contains statistics
Yes
Published by
Economic Policy and Statistics Section
House of Commons Library
Link
View this Research briefing on researchbriefings.parliament.uk