Commons Briefing paper by Matthew Ward and Chris Rhodes. It was first published on Wednesday, 4 September 2013. It was last updated on Wednesday, 4 September 2013.
Economic Indicators, September 2013
GDP is estimated to have grown by 0.7% in Q2 2013 compared with the previous quarter, the biggest quarterly growth since Q3 2012 which was boosted by the Olympics.
This positive news was compounded in August by data from the services industry which showed that output in June was only 0.2% below the pre-recession peak in Q1 2008.
August also saw the Governor of the Bank of England announce that the Bank “intends not to raise the Bank Rate from its current level of 0.5% at least until the [ILO] unemployment rate has fallen to a threshold of 7%.” The Bank does not expect this to happen until mid-2016.
Secondary information
- Type
- Research briefing
- Reference
- RP13-52
- Subjects
- Debts Employment Interest rates Economic situation Economic growth Inflation National income Pay Manufacturing industries Public expenditure Monetary policy Public finance Retail trade Unemployment Housing market Exchange rates 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 22:39:48 +0000
- URI
- http://data.parliament.uk/resources/345745
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/resources/345745
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- Internal location
- http://researchbriefings.intranet.parliament.uk/ResearchBriefing/Summary/RP13-52