Commons Briefing paper by Chris Rhodes. It was first published on Tuesday, 5 March 2013. It was last updated on Wednesday, 6 March 2013.
Economic Indicators, March 2013
The most recent ONS estimate showed that GDP contracted by 0.3% in Q4 2012. This was partly due to a 1.3% fall in manufacturing output over the quarter and a 0.1% fall in output from the services sector, which accounts for around three quarters of the UK economy. February 2013 saw the downgrading of the UK’s credit rating by the ratings agency Moody’s from AAA to AA1. So far, this appears to have had a negligible impact on the cost of UK government borrowing. Labour market data released last month were positive, showing another rise in employment and a slight fall in unemployment.
Secondary information
- Type
- Research briefing
- Reference
- RP13-17
- 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
- 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 22:35:45 +0000
- URI
- http://data.parliament.uk/resources/345538
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- Internal location
- http://researchbriefings.intranet.parliament.uk/ResearchBriefing/Summary/RP13-17