Commons Briefing paper by Chris Rhodes and Daniel Harari. It was first published on Monday, 3 December 2012. It was last updated on Monday, 3 December 2012.
Economic Indicators, December 2012
The second release of GDP data for Q3 2012 left unchanged the preliminary estimate of 1% growth in the economy - the largest quarterly rise since Q3 2007. The ONS commented that the reduction in working days (due to the Diamond Jubilee) in the second quarter of 2012 and the hosting of the Olympic and Paralympic Games in the third quarter of 2012 may explain why growth seems so buoyant compared with previous quarters. The unemployment rate fell to 7.8% and employment grew to 29.6 million over the quarter to September.
CPI inflation rose slightly to 2.7% in October, up from the two year low of 2.2% recorded in September.
Secondary information
- Type
- Research briefing
- Reference
- RP12-75
- Subjects
- Debts Employment Exports Economic situation Imports Economic growth Inflation National income Pay Manufacturing industries Public finance Trade Retail trade Unemployment Housing market Exchange rates Consumer prices index Balance of trade Productivity
- Contains statistics
- Yes
- Published by
- Economic Policy and Statistics Section
- House of Commons Library
- Link
- View this Research briefing on researchbriefings.parliament.uk
Librarians' tools
- Timestamp
- 2016-02-07 22:29:43 +0000
- URI
- http://data.parliament.uk/resources/345418
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/resources/345418
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- Internal location
- http://researchbriefings.intranet.parliament.uk/ResearchBriefing/Summary/RP12-75