Tag Archives: ONS

UK GDP inches up

gosborneThe Office for National Statistics (ONS) said that UK gross domestic product (GDP) rose by 0.8 percent in the first calendar quarter of this year.

That compares to a rise of 0.7 percent in the fourth quarter of 2013 and year on year equates to a rise of 3.1 percent. more»

UK GDP grows 0.6 percent

ukflagThe latest data from the Office for National Statistics estimates the UK’s Gross Domestic Product (GDP) grew 0.6 percent sequentially in the second quarter, and have predictably been jumped on by both the Conservatives and Labour.

The biggest contribution to GDP was the services industry, growing 0.6 percent or 0.48 percentage points to the 0.6 percent increase. more»

Inflation rate approaches three percent

poundsThe Consumer price index (CPI) inflation rate grew to 2.9 percent in June, an increase on May’s 2.7 percent, the Office for National Statistics has announced – approaching the Bank of England’s cut-off point of three percent.

Slower rises in food prices and air fare managed to keep the lid on the inflation rate, which was expected because of increases in clothing and petrol prices from the same time last year. more»

Retail sales index slump blamed on weather

snow-london

UK retail sales are down and it seems the slump is worse than economists had predicted. According to the Confederation of British Industry (CBI), retail sales will hit a five-month low in February.

Although volumes continued to strengthen in the first half of February, the pace of growth slowed down once again. more»

ONS: youth unemployment up again

Jobcentre-plus-The job centre saw less footfall from October to December last year, with unemployment falling and the number of those in work rising, according to the Office for National Statistics.

Unemployment rates fell by 14,000 to 2.5 million, for the first time in two years, while the number of those in employment rose by 154,000 to 29.7 million. more»

Permanent IT rolls down 12 percent

ukflagThe Association of Professional Staffing Companies (APSCo) has said that despite some relief in unemployment from the Office for National Statistics, in IT, permanent rolls have plunged more than 12 percent while temporary vacancies dropped almost seven percent.

The body said that year on year, to December 2012, there has been a fall of almost ten percent in permanent and temporary vacancies. more»