Recent statistics Flashcards
To be updated regularly
GDP monthly estimate, UK: April 2024
From the ONS
Release date: 12 June 2024
Next release: 11 July 2024
- (GDP) is estimated to have shown no growth in April 2024
- Services output grew by 0.2% in April 2024
- Production output fell by 0.9% in April 2024
- Construction output fell by 1.4% in April 2024
GDP first quarterly estimate, UK: January to March 2024
From the ONS
Release date: 10 May 2024
Next release: 28 June 2024
- GDP is estimated to have increased by 0.6% in Quarter 1, ending the recession it entered last year
- services grew by 0.7%
- the production sector grew 0.8%
- ## the construction sector fell 0.9%
GDP by Industry
Published Wednesday, 13 March, 2024
Services are the largest part of the economy – making up four-fifths of output in 2022. Service sector output grew by 0.2% in January 2024.
Manufacturing output did not change (0.0% growth) in January 2024. Manufacturing is part of the wider production sector; production sector output fell by 0.2% in January 2024.
Construction sector output increased by 1.1% in January 2024.
services industries = retail, hospitality and finance, as well as public services like health and education.
GDP by Expenditure
Published Wednesday, 13 March, 2024
Household consumption is the largest element of expenditure across the economy, accounting for 60% of the total in 2023.
In Oct-Dec 2023, household consumption fell by 0.1% compared with the previous quarter.
Government consumption decreased by 0.3% on the quarter and investment (GFCF) increased by 1.4%. Exports were down 2.9% and imports decreased by 0.8%.
Industries in the UK
Published Tuesday, 31 October, 2023
Research Briefing HoC
Since 1990 the share of the economy attributed to services has grown from 70% to 81%, while the share attributed to manufacturing has decreased by a similar amount, from 17% to 9%.
Real estate was the largest individual industry accounting for 12.5% of GVA
After the real estate industry, retail and wholesale accounted for 10.4% of GVA and manufacturing 9.4%.
Median annual earnings for full-time employees in the United Kingdom
in 2023, by region
From Statistica
UK = 34,963
London = 44,370
North East = 31,200
South East = 36,560
Scotland = 35,518
Northern Ireland = 32,879
Public sector finances, UK: April 2024
Release date:
22 May 2024
Next release:
21 June 2024
How the relationship between UK public sector monthly income and expenditure leads to changes in deficit and debt.
- Borrowing was £20.5 billion in April 2024, the 4th highest April borrowing since monthly records began in 1993.
- Public sector net debt excluding public sector banks was provisionally estimated at 97.9% of GDP; 2.5 percentage points more than April 2023, and remains at levels last seen in the early 1960s.
- Excluding BoE, debt was 89.9% of GDP
- Borrowing in April 2024 was £1.5 billion more than in April 2023 and £1.2 billion more than the £19.3 billion forecast by the OBR
The statistics that stopped JeremyHunt tax cuts,gving Labour victory?
Public sector finances, UK: March 2024
Released on 23 April 2024
- In the year to March, the government borrowed £120.7bn. While it was lower than the previous year, it was £6.6bn more than the government’s forecaster predicted.
- Borrowing in March alone was £11.9bn, which was £4.7bn less than a year earlier but still higher than analysts had expected
- Total debt was £2.7 trillion at the end of March, equivalent of 98.3% of GDP
How much is debt interest spending expected to total in 2024-25?
Debt interest spending is expected to total £89.0 billion.
What percentage of total public spending is debt interest expected to represent in 2024-25?
Debt interest is expected to represent 7.3 per cent of total public spending.
What percentage of national income is debt interest spending expected to be equivalent to in 2024-25?
Debt interest spending is expected to be equivalent to nearly 3.2 per cent of national income.
Labour market overview, UK: June 2024
Release date: 11 June 2024
Next release: 18 July 2024
This month’s figures continue to show signs that the labour market may be cooling, with the number of vacancies still falling and unemployment rising, though earnings growth remains relatively strong.
- Payrolled employees in the UK decreased by 36,000 (0.1%) between March and April 2024
- The UK employment rate (for people aged 16 to 64 years) was estimated at 74.3% in February to April 2024
- In March 2024, the total Workforce Jobs (WFJ) in the UK estimate rose by 431,000 on the year to 37.2 million
- The UK unemployment rate (for people aged 16 years and over) was estimated at 4.4% in February to April 2024
- The UK Claimant Count for May 2024 increased on the month and on the year, to 1.629 million
- The UK economic inactivity rate for people aged 16 to 64 years was estimated at 22.3% in February to April 2024
- In March to May 2024, the estimated number of vacancies in the UK decreased by 12,000 on the quarter to 904,000
- Annual growth in employees’ average regular earnings (excluding bonuses) in Great Britain was 6.0% in February to April 2024, and annual growth in total earnings (including bonuses) was 5.9%.
Rightmove House Price Index
June 2024
- The average asking price for a UK home dropped by £21 this month to £375,110 after reaching a record high in May
- Agreed sales were up by 6% year-on-year
- Demand from buyers was up by 5%
- The strongest price growth this month seen in the less expensive, more northerly regions. By contrast, the higher-priced east of England and London regions recorded this month’s only price falls.
- In a survey of 14,000 people by the website, 95% of those who were planning to move home said the imminent general election would not change their plans.
- The average 5-year fixed mortgage rate is now 5.04%
Consumer price inflation, UK: May 2024
From the ONS
Release date: 19 June 2024
Next release: 17 July 2024
- CPIH rose by 2.8% in the 12 months to May 2024, down from 3.0% in the 12 months to April
- CPIrose by 2.0% in the 12 months to May 2024, down from 2.3% in the 12 months to April
- Core CPIH (excluding energy, food, alcohol and tobacco) rose by 4.2% in the 12 months to May 2024
- Core CPI (excluding energy, food, alcohol and tobacco) rose by 3.5%
GfK’s Consumer Confidence Index
- Increased two points to -17 in May
- Driven by an increase in the outlook for personal finances, and the view on the wider economy in the coming year
The survey, which measures consumer attitudes, has been conducted monthly in the UK since 1974 among 2002 UK adults aged 16+.
