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National Accounts Day release of GDP figures

National Accounts Day release of GDP figures

National Accounts Day

Commenting on today’s GDP figures, Head of GDP Rob Kent-Smith said:

“Our GDP figures published today include newly introduced methods and data sources, giving significantly improved estimates of the changing UK economy.

“Headline GDP remained unrevised in the latest quarter with the economy contracting, partly due to a fallback in manufacturing following the UK’s originally planned EU departure date.

“Improved data sources and new methods mean our estimates now show households have been lenders in recent quarters. People have been donating less to charity than previously thought as well as receiving more money from renting out homes.

“In addition, our improved method for measuring student loans means that, due to our new way of recording loan cancellations, overall less money is being lent to households by the Government.”

National Accounts Day links:

GDP quarterly national accounts, UK: April to June 2019 is available here

Business Investment in the UK: April to June 2019 revised results is available here

Quarterly sector accounts, UK: April to June 2019 is available here

Balance of payments, UK: April to June 2019 is available here

Consumer trends, UK: April to June 2019 is available here

 

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