Commons Briefing paper by Chris Rhodes. It was first published on Wednesday, 4 December 2013. It was last updated on Wednesday, 4 December 2013.
Economic Indicators, December 2013
GDP grew by 0.8% in Q3 2013 compared with the previous quarter, following growth of 0.7% in Q2 and 0.4% growth in Q1. GDP remains 2.5% below its peak in Q1 2008.
Employment grew by 177,000 (to 29.95 million) and unemployment fell by 48,000 (to 2.47 million) in July-September 2013.
GDP growth, strong labour market figures, growth in service sector output and other positive economic news have raised the probability of positive revisions to the OBR’s growth and borrowing forecasts, due to be published alongside the Autumn Statement on Thursday 5 December.
Further information on the Statement can be found in the House of Commons Library note 'Autumn Statement 2013: background briefing.'
Secondary information
- Type
- Research briefing
- Reference
- RP13-69
- 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
- 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 22:45:50 +0000
- URI
- http://data.parliament.uk/resources/345834
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/resources/345834
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/resources/345834
- Internal location
- http://researchbriefings.intranet.parliament.uk/ResearchBriefing/Summary/RP13-69