Quarterly national accounts - Springer · Statistical Bulletin: Quarterly national accounts – 1st quarter 2011| page 3 The business services and finance sector increased by 0.4

Statistical Bulletin: UK output, income and expenditure – 2nd quarter 2009 | page 2

Output

80

85

90

95

100

105

110

115

120

2007 2008 2009 2010 2011

Index (2006=100)Chained volume measure

Services

Total

Manufacturing

Household saving ratio

-2

-1

0

1

2

3

4

5

6

7

8

2007 2008 2009 2010 2011

per cent

current prices, seasonally adjusted

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Quarterly national accounts 1st quarter 2011

Date: 28 June 2011 Coverage: United Kingdom Theme: The Economy

UK gross domestic product (GDP) in volume terms increased by 0.5 per cent in the first quarter of

2011, unrevised from the 0.5 per cent increase published in May. GDP in volume terms rose by

1.4 per cent in 2010.

The volume of output in the production industries fell by 0.1 per cent, within which manufacturing

rose by 0.7 per cent (Table B1).

Output of the service industries increased by 0.9 per cent (Table B1).

Construction output is estimated to have decreased by 3.4 per cent (Table B1).

The household saving ratio was 4.6 per cent in the latest quarter, compared with 5.1 per cent in

the previous quarter (Table J3).

Real household disposable income fell by 0.8 per cent in 2011 quarter one, following a fall of 0.9

per cent in 2010 quarter four (Table J2).

Gross domestic product

Household

saving

Ratio

Real

household

disposable

income Current market Prices

Chained volume

measure

Chained volume

measure

per cent per cent 2006=100 2006=100 per cent

Seasonally adjusted

2010 Q1 6.2 0.6 108.0 98.0 0.4

Q2 4.4 -1.8 109.2 99.0 1.1

Q3 5.6 0.7 109.9 99.6 0.6

Q4 5.1 -0.9 111.2 99.1 -0.5

2011 Q1 4.6 -0.8 113.0 99.6 0.5

Statistical Bulletin: Quarterly national accounts – 1st quarter 2011| page 2

GDP analysed by output categories, chained volume measures (Tables B1 and B2) See Annex A for growth rates back to 2010 Q1

The output of the agriculture, forestry and fishing sector

rose by 0.1 per cent in the first quarter of 2011.

The output of the production industries decreased by 0.1

per cent in the first quarter of 2011. This compares with

an increase of 0.6 per cent in the fourth quarter of 2010.

In the year 2010, output of the production industries

increased by 2.1 per cent.

Mining and quarrying output fell by 1.8 per cent in the

latest quarter. This compares with a fall of 4.2 per cent in

the previous quarter.

Manufacturing output rose by 0.7 per cent in 2011 quarter

one, compared with a rise of 1.0 per cent in 2010 quarter

four.

Electricity, gas and water supply output decreased by 3.5

per cent in 2011 quarter one, compared with an increase

of 3.9 per cent in 2010 quarter four.

Construction output is estimated to have fallen by 3.4 per

cent in 2011 quarter one. This compares with a fall of 2.1

per cent in 2010 quarter four. In the year 2010,

construction output rose by 7.1 per cent.

Services output increased by 0.9 per cent in 2011 quarter

one, compared with a decrease of 0.6 per cent in 2010

quarter four. For the year 2010, services output increased

by 1.1 per cent.

Output of the distribution, hotels and catering industries

rose by 0.9 per cent in 2011 quarter one, compared with

a fall of 0.4 per cent in 2010 quarter four. The main

drivers for the rise in the latest quarter were wholesale

and hotels and restaurants.

Output of the transport, storage and communication

industries increased by 2.5 per cent in the latest quarter,

compared with a decrease of 1.5 per cent in the previous

quarter. The largest contributor to the growth in this

sector was transport support.

Manufacturing output

-6

-5

-4

-3

-2

-1

0

1

2

3

2007 2008 2009 2010 2011

per centchained volume measure, quarter on quarter grow th

Services output

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2007 2008 2009 2010 2011

per centchained volume measure, quarter on quarter grow th


The business services and finance sector increased by

0.4 per cent in 2011 quarter one, compared with a

decrease of 0.8 per cent in 2010 quarter four. The main

drivers for the increase in the latest quarter were other

business services and real estate.

Government and other services output rose by 1.1 per

cent in 2011 quarter one, compared with a fall of 0.3 per

cent in the previous quarter.

GDP analysed by expenditure categories, chained volume measures (Tables C2, E3, E4, F, G and H2) See Annex B for growth rates back to 2010 Q1

Gross domestic expenditure decreased by 0.9 per cent in

the first quarter of 2011.

Household final consumption expenditure fell by 0.6 per

cent in the latest quarter. The largest decreases in

spending were on clothing and footwear, housing and

miscellaneous components. This was partly offset by an

increase in spending on food and drink and transport.

Household final consumption expenditure rose by 0.9 per

cent during 2010. For more detailed information see the

attached link:

http://www.statistics.gov.uk/cci/nugget.asp?id=11

Government final consumption expenditure increased by

0.5 per cent in 2011 quarter one, compared with an

increase of 0.1 per cent in 2010 quarter four. In 2010,

government final consumption expenditure increased by

1.0 per cent.

Gross fixed capital formation fell by 2.0 per cent in the

latest quarter, compared with a 0.7 per cent fall in 2010

quarter four. The decrease was driven by business

investment and existing buildings and dwellings. In the

year 2010, gross fixed capital formation rose by 3.7 per

cent.

Household final expenditure

-2.0

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5

2007 2008 2009 2010 2011

per cent

chained volume measure, quarter on quarter growth

Gross fixed capital formation

-10

-8

-6

-4

-2

0

2

4

6

8

2007 2008 2009 2010 2011

per cent

chained volume measure, quarter on quarter growth


Including the alignment adjustment, the level of

inventories increased by £0.6 billion in the latest quarter.

In the year 2010, the level of inventories rose by £3.3

billion.

The deficit in net trade was £6.6 billion in 2011 quarter

one, compared with a deficit in net trade of £11.1 billion in

2010 quarter four.

Exports of goods rose by 4.6 per cent in 2011 quarter

one, driven by higher exports of capital goods and

intermediate goods. This was partly offset by a fall in

exports of fuels. Imports of goods fell by 2.2 per cent,

driven by lower imports of ships and aircraft and fuels.

These were partly offset by an increase in the imports of

intermediate goods and cars.

Exports of services decreased by 1.2 per cent in the

latest quarter. Imports of services decreased by 2.8 per

cent in 2011 quarter one, driven mainly by government,

travel and other business services.

On 1 January 2011, a change was made to the zero-

rating of VAT on qualifying aircraft. This may be a factor

in the high level of aircraft imports in 2010 quarter four

and the low level of aircraft imports and business

investment in 2011 quarter one.

Net trade

-16

-14

-12

-10

-8

-6

-4

-2

0

2007 2008 2009 2010 2011

£ billion

chained volume measure

GDP at market prices implied deflator

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

2007 2008 2009 2010 2011

per centquarter on same quarter a year ago

GDP implied deflator See Annex D for growth rates back to 2010 Q1

The gross domestic product implied deflator

at market prices for 2011 quarter one is 2.9

per cent above the same quarter of 2010. In

the year 2010, the GDP implied deflator at

market prices rose by 2.9 per cent.


GDP analysed by income categories at current prices (Table D) See Annex C for growth rates back to 2010 Q1

GDP at current market prices rose by 1.7 per cent in 2011

quarter one, compared with an increase of 1.2 per cent in

2010 quarter four. In the year 2010, GDP at current

market prices increased by 4.3 per cent.

Compensation of employees increased by 0.9 per cent in

2011 quarter one, compared with an increase of 0.5 per

cent in 2010 quarter four. In the year 2010, compensation

of employees increased by 3.0 per cent.

The gross operating surplus of corporations fell by 1.0 per

cent in 2011 quarter one, compared with a rise of 2.8 per

cent in 2010 quarter four. Private non-financial

corporations’ operating surplus fell by 1.8 per cent during

the latest quarter. Financial corporations’ operating

surplus fell by 2.4 per cent in 2011 quarter one, compared

with a fall of 10.6 per cent in 2010 quarter four. In the

year 2010, gross operating surplus of corporations fell by

2.1 per cent.

Taxes on production less subsidies increased by 7.2 per

cent in 2011 quarter one. In 2010 as a whole, taxes on

production less subsidies rose by 15.8 per cent.

Note that on 4 January 2011, the standard rate of VAT

increased from 17.5 per cent to 20.0 per cent.

Compensation of employees

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2007 2008 2009 2010 2011

per centcurrent prices, quarter on quarter growth

Gross operating surplus of corporations

-10

-8

-6

-4

-2

0

2

4

6

8

2007 2008 2009 2010 2011

per cent

current prices, quarter on quarter growth


Economic background

The main event which has contributed to the pattern of economic activity and growth in Q1 was

the VAT change in January. This could have boosted consumer spending in the early part of

January, between the New Year and its implementation, and depressed business investment and

import growth in Q1 as aircraft purchases were brought forward to Q4 to avoid higher tax rates.

Although the Japanese earthquake and tsunami happened in mid-March, the impact of the

supply disruption on the car and high tech assembly industry in the UK is expected to be seen in

April's production data and thus potentially in the estimates of GDP for the second quarter.

Aside from these specific events, there was a more pervasive effect on economic activity and

growth that continued from the previous quarters, which was the squeeze on profitability and

household disposable income from the relatively high rates of input price and consumer price

inflation. Consumer confidence has also continued to be low and falling in the first quarter. In

contrast, business expectations for the manufacturing and service sector in the first quarter have

been relatively resilient.

Real household disposable income fell by 0.8 per cent in the first quarter of 2011, following a fall

of 0.9 per cent in the fourth quarter of 2010. For 2010, real household disposable income fell by

0.8 per cent. This was the first annual fall in real household disposable income for nearly three

decades. The decline of real household disposable income in 2011 quarter one continues to

reflect the relatively strong impact that inflation is having on households' income - although

household disposable income rose in the first quarter by 1.1 per cent in nominal terms, a bigger

increase in the household consumption deflator has resulted in a fall of household disposable

income in real terms. The difference between household income presented in nominal and real

terms is also mirrored by household expenditure. In 2011 quarter one, household spending in

nominal terms rose by 1.4 per cent, while household spending in real terms fell by 0.6 per cent.

The saving ratio has declined from 5.1 per cent in 2010 quarter four to 4.6 per cent in 2011

quarter one. A commonly held view amongst analysts is that when households are facing difficult

financial conditions and uncertainty about their future, the saving ratio normally rises for

precautionary reasons with all else being equal. In the current climate, households are facing

declines in their real disposable income and uncertainty about job security, which is reflected in

falling consumer confidence. The fall in the saving ratio has resulted from higher growth in

nominal spending compared with the growth of nominal household disposable income. A fall in

the saving ratio, despite a fall in real household disposable income, real household expenditure

and consumer confidence, highlights the impact that inflation is having on households and their

finances. For more detailed information see the attached link:

http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=818


SECTOR ACCOUNTS

Sector Accounts (Tables I, J1, J2, J3, K1 and K2)

Summary

The household saving ratio was 4.6 per cent in 2011

quarter one compared with 5.1 per cent in the previous

quarter. For the year 2010 the saving ratio was 5.3 per

cent.

Net lending by sector (Table I)

In 2011 quarter one, the central government and local

government sectors were net borrowers. Public

corporations, financial corporations, private non-financial

corporations, households and the rest of the world

sectors were net lenders.

Annually for 2010, the central government and local

government sectors were net borrowers. Public

corporations, financial corporations, private non-financial

corporations, households and the rest of the world

sectors were net lenders.

Central government

Net borrowing was £32.7 billion in 2011 quarter one

following net borrowing of £36.7 billion in the previous

quarter. For the year 2010, central government net

borrowing was £145.6 billion compared with £145.9 billion

in 2009.

Local government

Net borrowing was £2.2 billion in 2011 quarter one

following net borrowing of £1.1 billion in the previous

quarter. For the year 2010, local government net

borrowing was £3.6 billion compared with £4.2 billion in

2009.

Public corporations

Net lending was £0.4 billion in 2011 quarter one, following

net lending of £0.9 billion in the previous quarter. For the

year 2010, public corporations net lending was £1.5

billion compared with net borrowing of £0.7 billion in

2009.


-2

-1

0

1

2

3

4

5

6

7

8

2007 2008 2009 2010 2011

per cent

current prices, seasonally adjusted

2011 Q1 Net lending by sector

Central govt

Financial corps

Rest of the world

Household & NPISH

Public corps

Local govt

PNFCs

-40

-30

-20

-10

0

10

20

£ billioncurrent prices, seasonally adjusted


Financial corporations

Net lending was £4.4 billion in 2011 quarter one following

net borrowing of £2.7 billion in the previous quarter. For

the year 2010, financial corporations net lending was

£20.0 billion compared with £53.6 billion in 2009.

Private non-financial corporations

Net lending was £16.4 billion in 2011 quarter one

following net lending of £22.7 billion in the previous

quarter. For the year 2010, private non-financial

corporations net lending was £62.8 billion compared with

£56.7 billion in 2009.

Household and non-profit institutions serving

households

Net lending was £2.7 billion in 2011 quarter one following


year 2010, household and non-profit institutions serving

households net lending was £12.8 billion compared with

net lending of £19.6 billion in 2009.

Rest of the world

Net lending was £8.7 billion in 2011 quarter one, following


year 2010, net lending was £43.0 billion following on from

£20.6 billion in 2009. This implies a UK current account

deficit for 2010.

The household and non profit institutions serving

households (NPISH) sector (Tables J1, J2 and J3)

The saving ratio in 2011 quarter one was 4.6 per cent

compared with 5.1 per cent in 2010 quarter four. Broadly,

this decrease was driven by increased household

expenditure offset by increased compensation of

employees and gross operating surplus.

The level of real household disposable income fell by 0.8

per cent in the latest quarter following a fall of 0.9 per

cent in 2010 quarter four. The fall in the latest quarter was

driven by a rise of 2.0 per cent in the household and

NPISH final consumption expenditure deflator offsetting a

rise of 1.1 per cent in nominal gross disposable income.


Real household disposable income is 2.7 per cent below

the level seen in 2010 quarter one.

For the year 2010, real household disposable income fell

by 0.8 per cent. This reflects a rise of 3.4 per cent in

nominal gross disposable income, driven by increased

gross operating surplus and compensation of employees,

offset by a 4.2 per cent increase in the household and

NPISH final consumption deflator. For more detailed

information see the attached links:

www.youtube.com/onsstats

Private non-financial corporations sector (Tables K1

and K2)

Real household disposable income

-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

2007 2008 2009 2010 2011 Q1

per centchained volume measure, quarter on quarter growth

Net lending of private non-financial corporations was

£16.4 billion in the latest quarter, compared with net

lending of £22.7 billion in the previous quarter. This

decrease in net lending in the latest quarter was driven by

decreased net property income.

For the year 2010, net lending was £62.8 billion

compared with £56.7 billion in 2009. This increase in net

lending was driven by increased gross operating surplus

and net property income.


REVISIONS

(Table R)

GDP and components (previously published on 25 May 2011) See Annex E for growth rate revisions up to 2011 Q1

Revisions resulting from the incorporation of new data

and replacement of forecasts and estimates based on

earlier data have been taken back to the first quarter of

2010.

GDP growth for 2011 quarter one is unrevised from the

estimate published last month. There has been an

upward revision of 0.2 percentage points to GDP growth

in 2010 quarter one and a downward revision of 0.1

percentage points to GDP growth in 2010 quarter three.

Output components

Growth in the volume of output in the production

industries in 2011 quarter one has been revised down by

0.3 percentage points from the estimate published last

month. The 2010 quarter one and 2010 quarter two

estimates for production output have been revised up by

0.1 and 0.2 percentage points respectively. The 2010

quarter three and 2010 quarter four estimates for

production output have both been revised down by 0.2

percentage points.

Growth in the volume of output in the services industries

in 2011 quarter one is unrevised from the estimate

published in May. There has been a downward revision of

0.1 percentage points to services output in 2010 quarter

one and 2010 quarter three, and an upward revision of

0.1 percentage points to services output in 2010 quarter

two.

Growth in construction output in 2011 quarter one has

been revised up by 0.6 percentage points.

Expenditure components (chained volume measure)

Household final consumption expenditure has remained

unrevised for 2011 quarter one.

Government expenditure has been revised down by 0.5

percentage points in 2011 quarter one.

Gross domestic product

-7

-6

-5

-4

-3

-2

-1

0

1

2

3

4

2007 2008 2009 2010 2011

per cent

Old grow th rates q/q-4

New grow th rates q/q-4

chained volume measure, quarter on same quarter a year ago

N


Gross fixed capital formation in 2011 quarter one has

been revised up by 2.4 percentage points.

The aligned estimate of changes in inventories has been

revised down by £0.8 billion for 2011 quarter one.

Exports of goods and services growth has been revised

down in 2011 quarter one to show an increase of 2.4 per

cent compared with the 3.7 per cent increase previously

published. Imports of goods and services growth has also

been revised down to a fall of 2.4 per cent compared with

a fall of 2.3 per cent previously published.

Income components

In the latest quarter, compensation of employees has

been revised down by 0.4 percentage points from the

previously published estimate.

The gross operating surplus of corporations in 2011

quarter one has been revised down by 2.4 percentage

points.


Sector accounts (previously published on 29 March

2011)

Revisions have been taken back to 2010 quarter one in

this release.

Net lending by sector (Table I)

Central government

Net borrowing in 2010 quarter four has been revised from

£37.9 billion to £36.7 billion. Annually for 2010, net

borrowing has been revised from £144.9 billion to £145.6

billion.

Local government

Net borrowing in 2010 quarter four has been revised from


borrowing has been revised from £4.3 billion to £3.6

billion.

Public corporations

Net lending in 2010 quarter four has been revised from

£0.8 billion to £0.9 billion. Annually for 2010, net lending

has been revised from £1.0 billion to £1.5 billion.

Financial corporations


£0.8 billion to net borrowing of £2.7 billion. Annually for

2010, net lending has been revised from £24.2 billion to

£20.0 billion.

Private non-financial corporations



lending has been revised from £70.9 billion to £62.8

billion.

The Household and NPISH




Rest of the world





The household and non profit institutions serving

households (NPISH) sector (Tables J1, J2 and J3)

The household saving ratio was revised down in 2010

quarter four from 5.4 per cent to 5.1 per cent.

Real household disposable income growth has been

revised down from a fall of 0.5 per cent to a fall of 0.9 per

cent in 2010 quarter four.


Summary of statistics for 2011 Q1 quarter on quarter growth (except for the household

saving ratio)

GDP headline data GDP at market prices, chained volume measure

Largest increase (0.5%) for 2 quarters, since 2010 Q3, (0.6%). Previous quarter (-0.5%).

GDP at current market prices Largest increase (1.7%) for 4 quarters, since 2010 Q1, (1.7%). Previous quarter (1.2%).

GDP at market prices implied deflator (quarter or same quarter of previous year)

Smallest increase (2.9%) for 2 quarters, since 2010 Q3, (2.2%). Previous quarter (3.1%).

GDP: Output approach Index of production, chained volume measure

Largest decrease (-0.1%) for 6 quarters, since 2009 Q3 (-1.1%). Previous quarter (0.6%).

Construction, chained volume measure Largest decrease (-3.4%) for 8 quarters, since 2009 Q1 (-4.8%). Previous quarter (-2.1%).

Index of services, chained volume measure

Largest increase (0.9%) for 16 quarters, since 2007 Q1, (1.4%). Previous quarter (-0.6%).

GDP: Expenditure approach Household consumption, chained volume measure

Largest decrease (-0.6%) for 7 quarters, since 2009 Q2 (-0.7%). Previous quarter (-0.2%).

Government consumption, chained volume measure

Largest increase (0.5%) for 3 quarters, since 2010 Q2, (0.5%). Previous quarter (0.1%).

Gross fixed capital formation, chained volume measure

Largest decrease (-2.0%) for 7 quarters, since 2009 Q2 (-4.4%). Previous quarter (-0.7%).

Exports of goods and services, chained volume measure


Imports of goods and services, chained volume measure


GDP: Income approach Compensation of employees, current prices


Gross operating surplus of corporations, current prices


Sector accounts Household saving ratio (percentage of total resources)

4.6% in 2011 Q1 compared with 5.1% in 2010 Q4

Real household disposable income 0.8% fall in 2011 Q1 compared with a fall of 0.9% in 2010 Q4


Background Notes

Forthcoming changes

1. To allow sufficient time to prepare for the major changes in Blue Book 2011, ONS has

decided to change the approach to quarterly national accounts for Q2 2011. A Month 1

estimate, based only on output data, will be published as normal in July. Then in August, this

output-based estimate will be updated. This will supplement the July Preliminary GDP

estimate by replacing the third month of forecast data for the Index of Production (IoP), the

Index of Services (IoS) and the monthly construction output survey with actual data. There

will be no published information on the income or expenditure components in the second

quarter until the Quarterly National Accounts (QNA) release on 5 October 2011. Due to this

change, the 2011 Q2 business investment provisional results will not be published on Friday

26 August 2011.

Release policy

2. This release includes data available up to 10 June 2011. Data are consistent with the Index of

Production Statistical Bulletin published on 10 June 2011 and the Trade in Goods data within

the UK Trade Statistical Bulletin published on 9 June 2011.

3. The preliminary estimate of GDP for the second quarter of 2011 will be published on 26 July

2011, followed by the second estimate of GDP on 26 August 2011. The next full set of

quarterly national accounts will be published on 5 October 2011.

How seasonal adjustment works with particular reference to special events

4. Seasonal adjustment removes regular variation from a time series. Regular variation includes

effects due to month lengths, different activity near particular events such as shopping activity

before Christmas, and regular holidays such as the May bank holiday. Some features of the

calendar are not regular each year, but are predictable if we have enough data - for example

the number of certain days of the week in a month may have an effect, or the impact of the

timing of Easter. As Easter changes between March and April we can estimate its effect on

time series and allocate it between March and April depending on where Easter falls.

Estimates of the effects of day of the week and Easter are used respectively to make trading

day and Easter adjustments prior to seasonal adjustment.

Special events such as the extra bank holiday for the Royal Wedding are not part of the

regular changes in a time series, so their impact is not removed in seasonal adjustment - it

continues to be part of the seasonally adjusted series. Because special events only happen

once, we don't have repeated data over a number of years to estimate their effect. We can

estimate the size of the irregular part of a time series, the part which appears to be due to

current circumstances and not part of underlying movement (trend). However, if there are

several unusual events at the same time, it is unlikely that we would be able to distinguish the

effects of each separately. For example, April 2011 was affected by both the Royal Wedding

and a run of unusually dry and sunny weather. Estimates are always liable to be revised

when more information is available.


Treatment of Olympic ticket sales

5. An article titled ‘Treatment of the Sale of Olympic Tickets in the National Accounts’ is

available on the National Accounts website at

http://www.statistics.gov.uk/cci/article.asp?ID=2701

Basic Quality Information for GDP Statistical Bulletin

Summary Quality reports

6. A Summary Quality Report for this Statistical Bulletin can be found on the National Statistics

website at:


Key quality issues

7. Common pitfalls in interpreting series: Expectations of accuracy and reliability in early

estimates are often too high. Revisions are an inevitable consequence of the trade-off

between timeliness and accuracy. Early estimates are based on incomplete data.

Very few statistical revisions arise as a result of ‘errors’ in the popular sense of the word. All

estimates, by definition, are subject to statistical ‘error’ but in this context the word refers to

the uncertainty inherent in any process or calculation that uses sampling, estimation or

modelling. Most revisions reflect either the adoption of new statistical techniques or the

incorporation of new information which allows the statistical error of previous estimates to be

reduced. Only rarely are there avoidable ‘errors’ such as human or system failures and such

mistakes are made quite clear when they do occur.

Reliability

8. Estimates for the most recent quarters are provisional and are subject to revision in the light

of updated source information. ONS currently provides an analysis of past revisions in the

GDP and other Statistical Bulletins which present time series. Details can be found at:


ONS has a webpage dedicated to revisions to economic statistics which brings together ONS

work on revisions analysis, linking to articles, revisions policies and key documentation from

the Statistics Commission's report on revisions. The webpage can be found at:

http://www.statistics.gov.uk/about_ns/economic_revisions.asp

Revisions to data provide one indication of the reliability of key indicators. The tables below

show summary information on the size and direction of the revisions which have been made

to data covering a five-year period. A statistical test has been applied to the average revision

to find out if it is statistically significantly different from zero. An asterisk (*) shows that the test

is significant.

9. Table 1 below shows the revisions to month 1 and month 2 estimates of GDP. The analysis

of revisions between month 1 and month 2 uses month 2 estimates published from August


2006 (2006q2) to May 2011 (2011q1). The analysis of revisions between month 2 and month

3 uses month 3 estimates published from June 2006 (2006q1) to March 2011 (2010q4).

Table 1: Revisions to early estimates of GDP growth

Revisions between early estimates of GDP growth (quarterly, CVM)

Revisions to GDP growth

GDP growth in latest period

(per cent) Average over the last five years

Average over the last five years

without regard to sign (average

absolute revision) Between M1 and

M2 0.5 0.01 0.05

Between M2 and M3

0.5 -0.03 0.08

Table 2 shows the revisions to GDP growth and the household saving ratio between the

estimate published three months after the end of the quarter and the equivalent estimate

three years later. For GDP and Household saving ratio, the analysis uses month 3 estimates

first published from June 2003 (2003q1) to March 2008 (2007q4) for GDP.

Table 2: Revisions to month 3 estimates of GDP growth and the household saving ratio

Revisions between first publication and estimates three years later

GDP growth in latest period

(per cent) Average over the last five years

Average over the last five years

without regard to sign (average

absolute revision) GDP growth

(quarterly, CVM) 0.5 0.01 0.18


4.6 -0.95 1.21

Spreadsheets giving revisions triangles (real time databases) of estimates from 1992 to date,

and the calculations behind the averages in both tables are available on the National

Statistics website at:

http://www.statistics.gov.uk/statbase/Product.asp?vlnk=13560&More=n

Revisions triangles for the main components of GDP from expenditure, output and income

approaches are also available at the link above.

An article titled 'Understanding the quality of early estimates of Gross Domestic Product',

which was first published in December 2009, is available on the National Statistics website at



An updated analysis of this article titled ‘Analysis of revisions to quarterly gross domestic

product (GDP)’ is also available on the National Statistics website at:


These articles present an analysis of revisions to the early estimates of GDP based on a long

period database of real time GDP back to 1955. This database has now been updated to

include data released since the article was first published and can be found at:

http://www.statistics.gov.uk/downloads/theme_economy/Real-time-GDP-database.xls

Coherence

10. Historic experience shows that the output approach provides the best timely approach to

measuring GDP growth. GDP growth according to the expenditure and income approaches is

therefore brought into line with that recorded by output.

Further information

11. Latest copies of this and other ONS releases are available under Press Releases on the

National Statistics website:

http://www.statistics.gov.uk/press_Release/CurrentReleases.asp

More information on household expenditure can be found at:

http://www.statistics.gov.uk/statbase/product.asp?vlnk=242

More information underlying the National Accounts can be found at:

http://www.statistics.gov.uk/CCI/nscl.asp?ID=5871

Further Quarterly National Accounts, Quarterly Sector Accounts and Financial Accounts

tables are available in the United Kingdom Economic Accounts at:


12. Details of the policy governing the release of new data are available from the press office.

Also available is a list of the names of those given pre-publication access to the contents of

this bulletin.

Blue Book 2011

13. Details regarding the content and scope of Blue Book 2011 can be found

http://www.statistics.gov.uk/articles/elmr/elmr-apr11-everett.pdf

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Annex A - growth and contributions to growth – output components

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Agriculture -4.6 3.7 0.2 0.5 0.1Total Production 1.2 1.2 0.2 0.6 -0.1 Manufacturing 1.3 1.7 0.8 1.0 0.7 Extraction -0.7 -0.4 -2.6 -4.2 -1.8 Utilities 3.4 0.0 -0.1 3.9 -3.5Construction 0.9 7.2 3.7 -2.1 -3.4Total Services 0.2 0.6 0.5 -0.6 0.9 Distn, hotels & catering -0.5 0.5 0.7 -0.4 0.9 Transport, storage & comms -0.2 -0.6 1.7 -1.5 2.5 Business services & finance 0.6 1.0 0.5 -0.8 0.4 Government & other 0.2 0.6 0.0 -0.3 1.1

Growth, quarter-on-quarter, for the output components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Agriculture 0.0 0.0 0.0 0.0 0.0Total Production 0.2 0.2 0.0 0.1 0.0 Manufacturing 0.1 0.2 0.1 0.1 0.1 Extraction 0.0 0.0 -0.1 -0.1 0.0 Utilities 0.1 0.0 0.0 0.1 -0.1Construction 0.1 0.4 0.2 -0.1 -0.2Total Services 0.2 0.5 0.4 -0.5 0.7 Distn, hotels & catering -0.1 0.1 0.1 -0.1 0.1 Transport, storage & comms 0.0 0.0 0.1 -0.1 0.2 Business services & finance 0.2 0.3 0.1 -0.3 0.1 Government & other 0.0 0.1 0.0 -0.1 0.3Components may not sum to totals due to rounding

Contribution to growth, quarter-on-quarter, for the output components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Agriculture -8.3 -3.2 -1.8 -0.3 4.6Total Production 0.3 1.8 3.2 3.3 2.0 Manufacturing 1.3 3.2 4.8 4.9 4.3 Extraction -5.2 -6.0 -3.8 -7.8 -8.8 Utilities 1.5 2.8 1.0 7.4 0.2Construction -1.1 8.6 11.1 9.8 5.2Total Services 0.1 1.4 2.1 0.7 1.4 Distn, hotels & catering 1.9 3.0 2.7 0.3 1.7 Transport, storage & comms -1.2 -0.1 1.3 -0.6 2.1 Business services & finance -1.0 1.4 2.9 1.3 1.1 Government & other 0.8 0.9 0.9 0.5 1.4

Growth, quarter on same quarter of previous year, for the output components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Agriculture -0.1 0.0 0.0 0.0 0.0Total Production 0.0 0.3 0.5 0.5 0.3 Manufacturing 0.1 0.4 0.6 0.6 0.5 Extraction -0.1 -0.1 -0.1 -0.2 -0.2 Utilities 0.0 0.0 0.0 0.1 0.0Construction -0.1 0.5 0.7 0.6 0.3Total Services 0.0 1.1 1.6 0.6 1.1 Distn, hotels & catering 0.3 0.4 0.4 0.0 0.2 Transport, storage & comms -0.1 0.0 0.1 0.0 0.1 Business services & finance -0.3 0.5 0.9 0.4 0.4 Government & other 0.2 0.2 0.2 0.1 0.3

Components may not sum to totals due to rounding

Contribution to growth, quarter on same quarter of previous year, for the output components of GDP


Annex A - growth and contributions to growth – output components

Component 2007 2008 2009 2010Agriculture -4.8 -0.2 -4.9 -3.5Total Production 0.1 -3.1 -10.1 2.1 Manufacturing 0.5 -2.9 -10.7 3.6 Extraction -1.9 -6.3 -9.4 -5.7 Utilities 0.2 0.0 -6.1 3.1Construction 2.7 -0.7 -10.7 7.1Total Services 3.5 0.5 -3.2 1.1 Distn, hotels & catering 2.8 -2.1 -3.6 2.0 Transport, storage & comms 3.7 0.6 -6.1 -0.2 Business services & finance 5.6 2.0 -4.9 1.2 Government & other 1.1 0.1 0.4 0.8

Growth, year-on-year, for the output components of GDP

Component 2007 2008 2009 2010Agriculture 0.0 0.0 0.0 0.0Total Production 0.0 -0.5 -1.6 0.3 Manufacturing 0.1 -0.4 -1.3 0.4 Extraction -0.1 -0.2 -0.2 -0.1 Utilities 0.0 0.0 -0.1 0.1Construction 0.2 0.0 -0.7 0.4Total Services 2.7 0.4 -2.4 0.8 Distn, hotels & catering 0.4 -0.3 -0.5 0.3 Transport, storage & comms 0.3 0.0 -0.4 0.0 Business services & finance 1.7 0.6 -1.6 0.4 Government & other 0.3 0.0 0.1 0.2


Contribution to growth, year-on-year, for the output components of GDP


Annex B – growth and contributions to growth – expenditure components

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Household final consumption expenditure 0.2 0.3 0.0 -0.2 -0.6NPISH final consumption expenditure -2.4 0.2 -2.4 -1.4 -1.3General government final consumption expenditure 0.4 0.5 0.0 0.1 0.5Gross capital formation 9.6 4.1 5.5 -0.7 -4.2

- of which GFCF 5.3 -1.4 3.9 -0.7 -2.0Exports -1.1 3.0 1.5 2.1 2.4less Imports 2.3 2.1 1.7 2.8 -2.4

Growth, quarter-on-quarter, for the expenditure components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Household final consumption expenditure 0.1 0.2 0.0 -0.1 -0.4NPISH final consumption expenditure -0.1 0.0 -0.1 0.0 0.0General government final consumption expenditure 0.1 0.1 0.0 0.0 0.1Gross capital formation 1.3 0.6 0.9 -0.1 -0.7

- of which GFCF 0.8 -0.2 0.6 -0.1 -0.3Exports -0.3 0.8 0.4 0.6 0.7less Imports 0.7 0.6 0.5 0.8 -0.7Net trade -1.0 0.2 -0.1 -0.3 1.4Components may not sum to totals due to rounding

Contribution to growth, quarter-on-quarter, for the expenditure components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Household final consumption expenditure 0.4 1.5 1.4 0.3 -0.5NPISH final consumption expenditure -4.0 -2.9 -4.6 -5.9 -4.8General government final consumption expenditure 0.8 1.1 1.3 0.9 1.1Gross capital formation 4.9 13.3 20.6 19.6 4.6

- of which GFCF -0.8 2.4 6.4 7.2 -0.2Exports 1.6 6.5 7.2 5.6 9.3less Imports 5.3 10.0 10.6 9.2 4.2

Growth, quarter on same quarter of previous year, for the expenditure components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Household final consumption expenditure 0.3 0.9 0.9 0.2 -0.3NPISH final consumption expenditure -0.1 -0.1 -0.1 -0.1 -0.1General government final consumption expenditure 0.2 0.3 0.3 0.2 0.2Gross capital formation 0.7 1.9 2.9 2.7 0.7

- of which GFCF -0.1 0.4 1.0 1.1 0.0Exports 0.4 1.7 1.8 1.5 2.4less Imports 1.5 2.7 3.0 2.7 1.2Net trade -1.1 -1.1 -1.1 -1.2 1.2Components may not sum to totals due to rounding

Contribution to growth, quarter on same quarter of previous year, for the expenditure components of GDP


Annex B – growth and contributions to growth – expenditure components

Component 2007 2008 2009 2010Household final consumption expenditure 2.2 0.6 -3.3 0.9NPISH final consumption expenditure 3.0 -3.1 -0.2 -4.3General government final consumption expenditure 1.3 1.6 1.0 1.0Gross capital formation 8.5 -7.2 -22.2 14.5

- of which GFCF 7.8 -5.0 -15.4 3.7Exports -2.6 1.0 -10.1 5.2less Imports -0.8 -1.2 -11.9 8.8

Growth, year-on-year, for the expenditure components of GDP

Component 2007 2008 2009 2010Household final consumption expenditure 1.3 0.3 -2.0 0.6NPISH final consumption expenditure 0.1 -0.1 0.0 -0.1General government final consumption expenditure 0.3 0.3 0.2 0.2Gross capital formation 1.5 -1.3 -3.8 2.0

- of which GFCF 1.3 -0.9 -2.6 0.6Exports -0.7 0.3 -2.8 1.3less Imports -0.2 -0.4 -3.6 2.4Net trade -0.5 0.7 0.9 -1.1


Contribution to growth, year-on-year, for the expenditure components of GDP


Annex C – growth and contributions to growth – income components

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Compensation of employees 1.6 0.0 0.3 0.5 0.9GOS of corporations -2.2 -2.4 5.9 2.8 -1.0Other income 4.4 2.1 1.2 1.5 4.6Taxes less subsidies on products and production 5.3 11.1 -6.8 0.8 7.2

Growth, quarter-on-quarter, for the income components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Compensation of employees 0.9 0.0 0.2 0.3 0.5GOS of corporations -0.5 -0.5 1.2 0.6 -0.2Other income 0.5 0.2 0.1 0.2 0.6Taxes less subsidies on products and production 0.6 1.3 -0.9 0.1 0.9Components may not sum to totals due to rounding

Contribution to growth, quarter-on-quarter, for the income components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Compensation of employees 3.6 2.9 3.2 2.3 1.6GOS of corporations -9.6 -3.0 0.8 4.0 5.2Other income 7.3 10.8 10.5 9.5 9.7Taxes less subsidies on products and production 16.9 25.0 12.0 10.0 12.0

Growth, quarter on same quarter of previous year, for the income components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Compensation of employees 2.0 1.6 1.8 1.3 0.9GOS of corporations -2.3 -0.7 0.2 0.9 1.1Other income 0.8 1.2 1.2 1.1 1.1Taxes less subsidies on products and production 1.8 2.8 1.4 1.1 1.4Components may not sum to totals due to rounding

Contribution to growth, quarter on same quarter of previous year, for the income components of GDP


Annex C – growth and contributions to growth – income components

Component 2007 2008 2009 2010Compensation of employees 5.5 2.3 0.6 3.0GOS of corporations 6.4 7.7 -7.4 -2.1Other income 5.7 0.7 -10.1 9.5Taxes less subsidies on products and production 5.7 -0.9 -7.1 15.8

Growth, year-on-year, for the income components of GDP

Component 2007 2008 2009 2010Compensation of employees 3.0 1.2 0.3 1.7GOS of corporations 1.4 1.7 -1.7 -0.5Other income 0.7 0.1 -1.2 1.1Taxes less subsidies on products and production 0.7 -0.1 -0.8 1.8Components may not sum to totals due to rounding

Contribution to growth, year-on-year, for the income components of GDP


Annex D – growth and contributions to growth – implied GDP deflators

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Household final consumption expenditure 1.1 1.6 0.5 1.5 2.0NPISH final consumption expenditure 2.9 0.3 1.5 1.5 1.4General government final consumption expenditure 1.1 -0.6 0.0 0.5 2.4Gross capital formation 1.2 -1.0 0.4 3.5 -5.5

- of which GFCF 0.7 -0.9 1.6 0.8 -0.9Exports 2.4 0.5 -0.1 1.5 1.5less Imports 1.2 2.7 0.8 1.2 1.3

Deflator growth, quarter-on-quarter, for the expenditure components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Household final consumption expenditure 0.6 1.0 0.2 0.9 1.3NPISH final consumption expenditure 0.1 0.0 0.0 0.0 0.0General government final consumption expenditure 0.2 -0.1 0.0 0.1 0.6Gross capital formation 0.2 -0.1 0.0 0.5 -0.8

- of which GFCF 0.1 -0.1 0.2 0.1 -0.1Exports 0.6 0.1 -0.1 0.5 0.5less Imports -0.3 -0.8 -0.2 -0.4 -0.5Net trade 0.3 -0.7 -0.3 0.0 0.0Components may not sum to totals due to rounding

Quarter-on-quarter contribution to growth for GDP(E) deflator

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Household final consumption expenditure 2.9 4.7 4.3 4.8 5.7NPISH final consumption expenditure 5.5 3.4 4.4 6.3 4.8General government final consumption expenditure 3.0 2.5 0.2 1.0 2.4Gross capital formation -0.6 0.4 1.3 4.2 -2.8

- of which GFCF -0.7 0.4 2.4 2.3 0.6Exports 2.9 5.4 4.3 4.3 3.4less Imports 1.4 4.7 5.7 6.0 6.0

Deflator growth, quarter on same quarter of previous year, for the expenditure components of GDP

Component 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1Household final consumption expenditure 1.7 2.9 2.5 2.8 3.5NPISH final consumption expenditure 0.1 0.1 0.1 0.1 0.1General government final consumption expenditure 0.7 0.6 0.0 0.2 0.6Gross capital formation -0.1 0.0 0.2 0.6 -0.4

- of which GFCF -0.1 0.0 0.3 0.3 0.1Exports 0.8 1.5 1.2 1.2 1.1less Imports -0.4 -1.5 -1.8 -1.9 -2.0Net trade 0.4 0.0 -0.6 -0.7 -0.9Components may not sum to totals due to rounding

Quarter-on-quarter of the previous year contribution to growth for GDP(E) deflator


Annex D – growth and contributions to growth – implied GDP deflators

Component 2007 2008 2009 2010Household final consumption expenditure 2.9 3.0 1.3 4.2NPISH final consumption expenditure 2.9 7.7 1.4 4.9General government final consumption expenditure 2.5 4.4 3.1 1.7Gross capital formation 1.3 1.7 0.5 1.3

- of which GFCF 1.8 1.4 0.1 1.1Exports 1.5 11.9 2.8 4.2less Imports 0.2 11.9 3.7 4.5

Deflator growth, year-on-year, for the expenditure components of GDP

Component 2007 2008 2009 2010Household final consumption expenditure 1.8 1.8 0.9 2.5NPISH final consumption expenditure 0.1 0.2 0.0 0.1General government final consumption expenditure 0.5 0.9 0.7 0.4Gross capital formation 0.2 0.3 0.1 0.2

- of which GFCF 0.3 0.2 0.0 0.1Exports 0.4 3.2 0.8 1.2less Imports 0.0 -3.5 -1.1 -1.4Net trade 0.4 -0.3 -0.3 -0.2


Year-on-year contribution to growth for GDP(E) deflator


Annex E – Output growth revisions (previously published on 25 May 2011)

REVISIONSM2 M3 Revision M2 M3 Revision M2 M3 Revision M2 M3 Revision

GDP 1.1 1.1 - 0.7 0.6 -0.1 -0.5 -0.5 - 0.5 0.5 -Agriculture 3.2 3.7 0.5 0.4 0.2 -0.2 0.1 0.5 0.4 0.6 0.1 -0.5Total Production 1.0 1.2 0.2 0.4 0.2 -0.2 0.8 0.6 -0.2 0.2 -0.1 -0.3 Manufacturing 1.6 1.7 0.1 0.9 0.8 -0.1 1.1 1.0 -0.1 1.1 0.7 -0.4 Extraction -0.4 -0.4 - -2.2 -2.6 -0.4 -4.1 -4.2 -0.1 -1.4 -1.8 -0.4 Utilities -0.6 0.0 0.6 0.2 -0.1 -0.3 4.3 3.9 -0.4 -3.4 -3.5 -0.1Construction 7.2 7.2 - 3.8 3.7 -0.1 -2.3 -2.1 0.2 -4.0 -3.4 0.6Total Services 0.5 0.6 0.1 0.6 0.5 -0.1 -0.6 -0.6 - 0.9 0.9 - Distn, hotels & catering 0.6 0.5 -0.1 0.8 0.7 -0.1 -0.2 -0.4 -0.2 0.8 0.9 0.1 Transport, storage & comms -1.1 -0.6 0.5 1.6 1.7 0.1 -1.7 -1.5 0.2 3.0 2.5 -0.5 Business services & finance 0.9 1.0 0.1 0.5 0.5 - -0.8 -0.8 - 0.6 0.4 -0.2 Government & other 0.5 0.6 0.1 0.3 0.0 -0.3 -0.1 -0.3 -0.2 0.6 1.1 0.5

2010 Q4 2011 Q12010 Q2 2010 Q3

Quarter on quarter CVM revisions

REVISIONS

M2 M3 Revision

GDP 0.2 0.4 0.2Agriculture -1.8 -4.6 -2.8Total Production 1.1 1.2 0.1 Manufacturing 1.3 1.3 - Extraction -1.6 -0.7 0.9 Utilities 3.3 3.4 0.1Construction -0.1 0.9 1.0Total Services 0.3 0.2 -0.1 Distn, hotels & catering -0.5 -0.5 - Transport, storage & comms 0.0 -0.2 -0.2 Business services & finance 0.4 0.6 0.2 Government & other 0.5 0.2 -0.3

2010 Q1

REVISIONSM2 M3 Revision M2 M3 Revision M2 M3 Revision M2 M3 Revision

GDP 1.5 1.6 0.1 2.5 2.5 - 1.5 1.5 - 1.8 1.6 -0.2Agriculture -0.9 -3.2 -2.3 0.7 -1.8 -2.5 1.8 -0.3 -2.1 4.3 4.6 0.3Total Production 1.5 1.8 0.3 3.0 3.2 0.2 3.3 3.3 - 2.4 2.0 -0.4 Manufacturing 3.1 3.2 0.1 4.8 4.8 - 5.0 4.9 -0.1 4.7 4.3 -0.4 Extraction -6.8 -6.0 0.8 -4.4 -3.8 0.6 -8.2 -7.8 0.4 -8.0 -8.8 -0.8 Utilities 2.0 2.8 0.8 0.5 1.0 0.5 7.2 7.4 0.2 0.3 0.2 -0.1Construction 7.6 8.6 1.0 10.1 11.1 1.0 8.6 9.8 1.2 4.3 5.2 0.9Total Services 1.3 1.4 0.1 2.1 2.1 - 0.8 0.7 -0.1 1.4 1.4 - Distn, hotels & catering 3.1 3.0 -0.1 3.0 2.7 -0.3 0.7 0.3 -0.4 2.0 1.7 -0.3 Transport, storage & comms -0.4 -0.1 0.3 0.9 1.3 0.4 -1.2 -0.6 0.6 1.8 2.1 0.3 Business services & finance 1.0 1.4 0.4 2.6 2.9 0.3 0.9 1.3 0.4 1.1 1.1 - Government & other 1.2 0.9 -0.3 1.4 0.9 -0.5 1.3 0.5 -0.8 1.4 1.4 -

2011 Q12010 Q2 2010 Q3 2010 Q4

CVM revisions on the same quarter of the previous year

REVISIONS

M2 M3 Revision

GDP -0.4 -0.3 0.1Agriculture -5.7 -8.3 -2.6Total Production 0.2 0.3 0.1 Manufacturing 1.3 1.3 - Extraction -6.1 -5.2 0.9 Utilities 1.4 1.5 0.1Construction -2.1 -1.1 1.0Total Services 0.1 0.1 - Distn, hotels & catering 1.9 1.9 - Transport, storage & comms -1.0 -1.2 -0.2 Business services & finance -1.2 -1.0 0.2 Government & other 1.1 0.8 -0.3

2010 Q1


Annex E – Output growth revisions (previously published on 25 May 2011) Annual CVM revisions

REVISIONSM2 M3 Revision

GDP 1.3 1.4 0.1Agriculture -1.0 -3.5 -2.5Total Production 2.0 2.1 0.1 Manufacturing 3.6 3.6 - Extraction -6.4 -5.7 0.7 Utilities 2.8 3.1 0.3Construction 6.0 7.1 1.1Total Services 1.1 1.1 - Distn, hotels & catering 2.2 2.0 -0.2 Transport, storage & comms -0.4 -0.2 0.2 Business services & finance 0.8 1.2 0.4 Government & other 1.3 0.8 -0.5

2010

……………………………………………………………………………………………………………………………. Next publication: Tuesday 26 July 2011 Issued by: Office for National Statistics, Government Buildings, Cardiff Road, Newport

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INDEX TO TABLES

Gross domestic product tables

National accounts aggregates (index numbers) .............................................. A1

National accounts aggregates ......................................................................... A2

Gross value added chained volume measures at basic prices, by category of

output ............................................................................................................... B1

Gross value added chained volume measures at basic prices, by category of

output: service industries ................................................................................. B2

Gross domestic product: expenditure

Current market prices ...................................................................................... C1

Gross domestic product: expenditure

Chained volume measures ............................................................................. C2

Gross domestic product: by category of income

Current market prices ....................................................................................... D

Household final consumption expenditure by purpose

Current market prices ...................................................................................... E1

Household final consumption expenditure (goods and services)

Current market prices ...................................................................................... E2

Household final consumption expenditure by purpose

Chained volume measures ............................................................................. E3

Household final consumption expenditure (goods and services)

Chained volume measures ............................................................................. E4

Gross fixed capital formation by sector and type of asset

Chained volume measures ................................................................................F

Changes in inventories

Chained volume measures ............................................................................... G

Exports and imports of goods and services

Current market prices ...................................................................................... H1

Exports and imports of goods and services

Chained volume measures .............................................................................. H2

Sector accounts tables

Net lending/borrowing by sector ......................................................................... I

Households sector: allocation of primary income account ............................... J1

Households sector: secondary distribution of income account .........................J2


Households sector: use of disposable income account .................................. J3

Private non-financial corporations sector:

allocation of primary income account .............................................................. K1

Private non-financial corporations sector:

secondary distribution of income account and capital account ....................... K2

Other analysis

Gross value added at basic prices: individual measures ....................................L

Alignment adjustments........................................................................................M

Revisions tables

Revisions analysis: revisions against previously published estimates ...............R

A1 National accounts aggregates1

2006 = 100

Value indices at current prices Chained volume indices Implied deflators 2

Gross Gross Gross national Gross Gross valuedomestic Gross value domestic Gross value disposable Market sector Gross domestic added at

product at added at product at added at income at gross value domestic product at basicmar ket prices basic pr ices mar ket prices basic pr ices mar ket prices added expenditure market prices prices

YBEU YBEX YBEZ CGCE YBFP CL2G YBFV YBGB CGBV2009 105.0 106.2 97.6 97.9 98.4 96.6 107.6 107.6 108.52010 109.6 109.7 98.9 99.4 99.5 98.2 111.0 110.7 110.3

Seasonally adjusted

2009 Q1 105.3 107.2 98.2 98.4 99.5 97.4 107.1 107.2 108.9Q2 103.7 105.1 97.4 97.7 96.6 96.5 106.8 106.5 107.6Q3 104.8 105.8 97.2 97.5 98.3 96.0 107.9 107.9 108.5Q4 106.2 106.9 97.6 98.0 99.4 96.7 108.6 108.8 109.0

2010 Q1 108.0 108.0 98.0 98.4 98.7 97.0 109.8 110.2 109.8Q2 109.2 109.3 99.0 99.5 99.5 98.3 110.5 110.3 109.9Q3 109.9 110.0 99.6 100.1 100.0 99.1 110.9 110.3 109.9Q4 111.2 111.3 99.1 99.6 99.6 98.5 112.7 112.1 111.8

2011 Q1 113.0 112.1 99.6 100.1 99.6 99.0 113.8 113.5 112.0

Percentage chang e , latest year on previous year

IHYM IHYP CL2H IHYS2010 4.3 3.2 1.4 1.5 1.1 1.6 3.1 2.9 1.7

Percentage chang e , latest quarter on previous quarter

2011 Q1 1.7 0.7 0.5 0.5 −0.1 0.5 1.0 1.2 0.2

Percentage chang e , latest quarter on corresponding quarter of previous year

2011 Q1 4.6 3.8 1.6 1.7 0.8 2.1 3.6 2.9 2.0

1 Estimates cannot be regarded as accurate to the last digit shown.2 Based on the sum of expenditure components of GDP at current prices and

in chained volume terms.

A2 National accounts aggregates1

£ million

Current prices Chained Volume Measures (Reference year 2006)

Gross less Gross Gross less Gross GrossNet domestic Basic value domestic Basic value value

Gross national income product pr ice added product pr ice added addedincome at from at mar ket adjust- at basic at market adjust- at basic excluding

mar ket prices abroad2 pr ices ment3 pr ices pr ices ment3 pr ices oil & gas

ABMZ CAES YBHA NTAP ABML ABMI NTAO ABMM UIZY2009 1 414 711 19 722 1 394 989 137 362 1 257 627 1 296 689 138 010 1 158 679 1 133 6072010 1 476 034 20 637 1 455 397 157 392 1 298 005 1 314 245 137 870 1 176 375 1 152 883

Seasonally adjusted

2009 Q1 355 480 5 679 349 801 32 688 317 113 326 257 35 116 291 141 284 730Q2 345 147 643 344 504 33 348 311 156 323 585 34 532 289 053 282 620Q3 353 693 5 612 348 081 35 063 313 018 322 655 34 275 288 380 282 277Q4 360 391 7 788 352 603 36 263 316 340 324 192 34 087 290 105 283 980

2010 Q1 362 453 3 791 358 662 38 989 319 673 325 360 34 267 291 093 285 033Q2 367 307 4 688 362 619 39 074 323 545 328 836 34 461 294 375 288 359Q3 370 534 5 594 364 940 39 521 325 419 330 860 34 630 296 230 290 375Q4 375 740 6 564 369 176 39 808 329 368 329 189 34 512 294 677 289 116

2011 Q1 379 394 4 080 375 314 43 624 331 690 330 724 34 646 296 078 290 684

Percentage chang e ,latest year on previous year

IHYM IHYP2010 4.3 4.3 3.2 1.4 1.5 1.7


IHYN IHYQ2011 Q1 1.0 1.7 0.7 0.5 0.5 0.5

Percentage chang e , latest quarter on corresponding quarter of previous yearIHYO IHYR

2011 Q1 4.7 4.6 3.8 1.6 1.7 2.0

1 Estimates are given to the nearest £ million but cannot be regarded as ac-curate to this degree.

2 Includes employment, entrepreneurial and property income.

3 Taxes on products less subsidies.

B1 Gross value added chained volume measures at basic prices, by categor y of output1,2

2006 = 100

Production Service industries

Elec- Distri-Agri- Mining & tr icity bution Transpor t Gover- Gross Gross

culture, quarr ying gas hotels storage Business nment value valueforestr y, inc oil and and and services and added added

and & gas Manuf- water Const- cater ing; commu- and other at basic excludingfishing extraction acturing supply Total ruction repairs nication finance ser vices Total prices oil & gas

2006 Weights3 7 27 128 17 172 63 144 71 310 234 758 1000 975

GDQA CKYX CKYY CKYZ CKYW GDQB GDQE GDQH GDQN GDQU GDQS CGCE JUNT2009 90.4 83.2 87.2 94.1 87.2 91.0 97.0 98.0 102.4 101.6 100.7 97.9 98.22010 87.2 78.5 90.3 97.1 89.1 97.5 98.9 97.8 103.6 102.3 101.8 99.4 99.9

Seasonally adjusted

2009 Q1 92.4 85.1 87.4 94.7 87.8 92.3 96.4 99.0 103.9 101.2 101.2 98.4 98.7Q2 90.7 85.4 87.2 93.6 87.6 90.1 95.9 97.3 102.4 101.6 100.5 97.7 97.9Q3 89.6 81.3 86.6 95.1 86.6 91.3 96.8 97.6 101.4 101.7 100.2 97.5 97.8Q4 88.7 81.2 87.4 93.0 87.0 90.4 98.8 98.0 102.2 101.8 101.0 98.0 98.4

2010 Q1 84.7 80.6 88.5 96.1 88.1 91.3 98.3 97.8 102.8 102.0 101.2 98.4 98.8Q2 87.8 80.3 90.0 96.2 89.1 97.8 98.8 97.2 103.9 102.5 101.9 99.5 99.9Q3 88.0 78.2 90.8 96.1 89.3 101.5 99.4 98.9 104.3 102.6 102.4 100.1 100.6Q4 88.4 74.9 91.7 99.8 89.9 99.3 99.1 97.4 103.5 102.3 101.7 99.6 100.2

2011 Q1 88.5 73.6 92.4 96.3 89.8 96.0 99.9 99.8 103.9 103.4 102.6 100.1 100.7

Percentage chang e , year on previous year

GDQV ERIB ERIT ERJJ ERID GDQW GDQZ GDRC GDRI GDRP GDRN JUNW2010 −3.5 −5.7 3.6 3.1 2.1 7.1 2.0 −0.2 1.2 0.8 1.1 1.5 1.7


ERIJ ERJA ERJL ERIH JUNU2011 Q1 0.1 −1.8 0.7 −3.5 −0.1 −3.4 0.9 2.5 0.4 1.1 0.9 0.5 0.5


GDRQ ERIC ERIU ERJK ERIE GDRR GDRU GDRX GDSD GDSK GDSI JUNV2011 Q1 4.6 −8.8 4.3 0.2 2.0 5.2 1.7 2.1 1.1 1.4 1.4 1.7 2.0

B2 Gross value added chained volume measures at basic prices, by categor y of output:Ser vice industries1,2

2006 = 100

Ser vice industr ies

PublicReal adminis-

estate, tration,Wholesale renting national Healthand retail Tr anspor t Post and Financial and Ownership defence, and

trade; Hotels and and telecomm- interme- business of social social Other Totalrepairs restaurants storage unication diation activities dwellings security Education work ser vices4 ser vices

2006 Weights3 114 29 45 26 77 166 68 53 58 73 51 758

GDQC GDQD GDQF GDQG GDQI GDQK GDQL GDQO GDQP GDQQ GDQR GDQS2009 96.5 98.7 94.5 104.0 107.1 100.5 102.1 100.1 100.9 108.4 94.0 100.72010 99.2 97.6 92.6 106.9 103.2 103.6 103.0 99.3 100.6 111.6 94.2 101.8

Seasonally adjusted

2009 Q1 95.4 100.4 95.5 105.1 110.5 101.7 102.2 99.9 101.0 106.9 94.5 101.2Q2 95.1 99.2 93.4 104.1 108.5 99.9 102.0 99.8 101.2 108.4 94.3 100.5Q3 96.7 97.4 94.5 103.0 105.4 99.2 102.2 100.7 100.6 108.8 93.7 100.2Q4 99.0 97.7 94.6 103.9 104.2 101.3 102.0 100.2 100.7 109.5 93.5 101.0

2010 Q1 98.5 97.3 94.2 103.9 104.6 101.7 102.2 99.9 99.9 110.0 95.0 101.2Q2 98.9 98.4 92.1 106.1 103.6 103.7 103.4 99.9 101.2 111.0 94.7 101.9Q3 99.7 98.3 92.9 109.2 103.0 105.0 103.0 98.9 100.8 112.6 93.9 102.4Q4 99.8 96.5 91.0 108.6 101.7 103.9 103.3 98.6 100.4 112.9 93.1 101.7

2011 Q1 100.6 97.4 94.3 109.5 101.0 105.0 103.4 98.3 101.0 114.3 95.6 102.6


2010 2.8 −1.1 −2.1 2.8 −3.7 3.0 0.9 −0.8 −0.3 3.0 0.2 1.1


2011 Q1 0.8 0.9 3.6 0.8 −0.7 1.1 0.2 −0.3 0.7 1.3 2.7 0.9


2011 Q1 2.1 0.1 0.1 5.3 −3.4 3.2 1.2 −1.6 1.1 4.0 0.6 1.4

1 Estimates cannot be regarded as accurate to the last digit shown.2 Components of output are valued at basic prices, which excludes taxes less

subsidies on products.

3 Weights may not sum to the totals due to rounding.4 Compr ising sections O, P and Q of the SIC(92).

C1 Gross domestic product: expenditure at current market prices1

£ million

Domestic expenditure on goods and services at market prices

Final consumption expenditure Gross capital for mationStatis- Gross

Acquisi- tical domesticNon- Gross Changes tions less Gross discre- productprofit fixed in disposals final less pancy at

House- instit- General capital inven- of Total expen- Total (expen- marketholds utions 2 government for mation tor ies3 valuables Total expor ts diture imports diture) prices

ABPB ABNV NMRK NPQX ABMP NPJO YBIJ KTMW ABMD KTMX GIXM YBHA2009 874 380 36 252 326 903 203 619 −15 602 577 1 426 129 390 893 1 817 022 420 580 −1 453 1 394 9892010 919 310 36 372 335 801 213 590 4 932 243 1 510 248 428 605 1 938 853 477 906 −5 550 1 455 397

Seasonally adjusted

ABJQ HAYE NMRP NPQS CAEX NPJQ YBIL IKBH ABMF IKBI2009 Q1 217 994 8 988 80 839 53 580 −4 440 267 357 228 98 325 455 553 105 585 −167 349 801

Q2 216 034 9 107 80 815 50 214 −3 601 74 352 643 94 716 447 359 102 578 −277 344 504Q3 217 935 9 089 82 562 50 061 −4 052 44 355 639 96 393 452 032 103 532 −419 348 081Q4 222 417 9 068 82 687 49 764 −3 509 192 360 619 101 459 462 078 108 885 −590 352 603

2010 Q1 225 264 9 103 83 893 52 814 −1 394 98 369 778 102 733 472 511 112 700 −1 149 358 662Q2 229 708 9 143 83 807 51 640 1 261 209 375 768 106 329 482 097 118 128 −1 350 362 619Q3 230 642 9 056 83 771 54 556 1 771 −61 379 735 107 774 487 509 121 084 −1 485 364 940Q4 233 696 9 070 84 330 54 580 3 294 −3 384 967 111 769 496 736 125 994 −1 566 369 176

2011 Q1 236 951 9 079 86 794 52 999 −858 237 385 202 116 111 501 313 124 568 −1 431 375 314


2010 5.1 0.3 2.7 4.9 5.9 9.6 6.7 13.6 4.3


2011 Q1 1.4 0.1 2.9 −2.9 0.1 3.9 0.9 −1.1 1.7


2011 Q1 5.2 −0.3 3.5 0.4 4.2 13.0 6.1 10.5 4.6

C2 Gross domestic product by categor y of expenditure: chained volume measures1

Reference year 2006, £ million

Domestic expenditure on goods and services at market prices

Final consumption expenditure Gross capital for mationStatis- Gross

Acquisi- tical domesticNon- Gross Changes tions less Gross discre- productprofit fixed in disposals final less pancy at

House- instit- General capital inven- of Total expen- Total (expen- marketholds utions 2 government for mation tor ies3 valuables Total expor ts diture imports diture) prices

ABPF ABNU NMRU NPQR ABMQ NPJP YBIK KTMZ ABME KTNB GIXS ABMI2009 814 666 32 281 296 306 196 997 −16 012 1 222 1 325 460 334 601 1 660 061 362 026 −1 346 1 296 6892010 822 172 30 885 299 372 204 363 3 285 938 1 361 014 351 982 1 712 996 393 743 −5 008 1 314 245

Seasonally adjusted

ABJR HAYO NMRY NPQT CAFU NPJR YBIM IKBK ABMG IKBL2009 Q1 204 262 8 153 73 972 51 112 −4 514 420 333 404 83 645 417 050 90 636 −156 326 257

Q2 202 792 8 078 74 089 48 858 −3 796 239 330 260 82 166 412 426 88 581 −260 323 585Q3 202 828 8 026 73 958 48 878 −4 191 212 329 711 82 879 412 590 89 547 −388 322 655Q4 204 784 8 024 74 287 48 149 −3 511 351 332 085 85 911 417 995 93 262 −542 324 192

2010 Q1 205 176 7 830 74 553 50 720 −1 685 265 336 860 84 950 421 811 95 409 −1 042 325 360Q2 205 852 7 844 74 925 50 028 923 366 339 938 87 519 427 458 97 398 −1 224 328 836Q3 205 761 7 658 74 902 51 996 2 038 126 342 483 88 805 431 288 99 082 −1 346 330 860Q4 205 383 7 553 74 992 51 619 2 009 181 341 733 90 708 432 439 101 854 −1 396 329 189

2011 Q1 204 212 7 454 75 358 50 598 567 390 338 580 92 862 431 441 99 456 −1 261 330 724


2010 0.9 −4.3 1.0 3.7 2.7 5.2 3.2 8.8 1.4


2011 Q1 −0.6 −1.3 0.5 −2.0 −0.9 2.4 −0.2 −2.4 0.5


2011 Q1 −0.5 −4.8 1.1 −0.2 0.5 9.3 2.3 4.2 1.6


2 Non-profit making institutions serving households.

3 Quar terly alignment adjustment included in this series.

D Gross domestic product: by categor y of income1

£ million

Gross operating surplus of corporations Taxes onproducts Gross

Compen- Private Private Gross value & production Statistical domesticsation of non-financial financial Public Other added at less discrepancy product at

employees corporations2 cor porations corporations Total income3 factor cost subsidies (income ) market prices

HAEA NRJK NQNV NRJT CGBY CGBW CGCA GCSC GIXQ YBHA2009 774 035 233 522 67 779 9 268 310 569 156 526 1 241 130 154 891 −1 032 1 394 9892010 797 233 246 153 49 300 8 492 303 945 171 431 1 272 609 179 392 3 396 1 455 397

Seasonally adjusted

DTWM CAER NHCZ CAEQ CGBZ CGBX CGCB CMVL2009 Q1 191 961 61 243 18 495 2 860 82 598 38 955 313 514 36 630 −343 349 801

Q2 193 186 56 503 16 547 2 060 75 110 38 488 306 784 38 050 −330 344 504Q3 193 136 57 908 16 497 2 149 76 554 39 067 308 757 39 578 −254 348 081Q4 195 752 57 868 16 240 2 199 76 307 40 016 312 075 40 633 −105 352 603

2010 Q1 198 828 58 526 13 781 2 341 74 648 41 788 315 264 42 803 595 358 662Q2 198 765 59 529 11 244 2 051 72 824 42 648 314 237 47 572 810 362 619Q3 199 324 62 205 12 817 2 120 77 142 43 181 319 647 44 338 955 364 940Q4 200 316 65 893 11 458 1 980 79 331 43 814 323 461 44 679 1 036 369 176

2011 Q1 202 103 64 680 11 184 2 703 78 567 45 850 326 520 47 918 876 375 314


2010 3.0 5.4 −27.3 −8.4 −2.1 9.5 2.5 15.8 4.3


2011 Q1 0.9 −1.8 −2.4 36.5 −1.0 4.6 0.9 7.2 1.7


2011 Q1 1.6 10.5 −18.8 15.5 5.2 9.7 3.6 12.0 4.6


2 Quar terly alignment adjustment included in this series.

3 Includes mixed income and the operating surplus of the non-corporate sector.

E1 Household final consumption expenditure by purposeCurrent prices

£ million

UK NATIONAL2

UK DOMESTIC3

Food Alcohol Clothing Household Recreati- Restau-Net & & & goods & Commu- on & rants & Miscell-

Total tourism Total drink tobacco footwear Housing ser vices Health Transpor t nication culture Education hotels aneous

COICOP1 - - 0 01 02 03 04 05 06 07 08 09 10 11 12

ABPB ABTE ABQI ABZV ADFL ADFP ADFS ADFY ADGP ADGT ADGX ADGY ADIE ADIF ADII2009 874 380 9 442 864 938 83 805 31 246 47 595 193 321 43 843 14 280 124 691 18 750 99 233 13 024 88 493 106 6572010 919 310 8 357 910 953 87 979 32 850 51 000 206 360 45 356 14 277 135 956 20 091 101 806 13 545 92 518 109 215

Seasonally adjusted

ABJQ ABTF ZAKV ZWUM ZAKX ZAKZ ZAVN ZAVV ZAWB ZAWL ZAWV ZAWZ ZWUS ZAXR ZAYF2009 Q1 217 994 2 691 215 303 20 702 7 769 11 872 49 012 10 976 3 560 29 501 4 602 24 852 3 207 22 302 26 948

Q2 216 034 2 401 213 633 20 981 7 787 11 851 48 164 10 794 3 601 30 227 4 722 24 674 3 237 21 893 25 702Q3 217 935 2 279 215 656 20 866 7 839 11 858 47 913 10 931 3 593 31 177 4 680 24 697 3 272 22 009 26 821Q4 222 417 2 071 220 346 21 256 7 851 12 014 48 232 11 142 3 526 33 786 4 746 25 010 3 308 22 289 27 186

2010 Q1 225 264 2 158 223 106 21 502 8 105 12 579 50 439 11 168 3 530 33 903 4 862 24 795 3 339 22 549 26 335Q2 229 708 2 308 227 400 21 823 8 181 12 611 50 931 11 357 3 563 34 247 5 009 25 351 3 371 23 098 27 858Q3 230 642 2 139 228 503 22 272 8 153 12 809 51 451 11 457 3 551 33 696 5 110 25 855 3 405 23 361 27 383Q4 233 696 1 752 231 944 22 382 8 411 13 001 53 539 11 374 3 633 34 110 5 110 25 805 3 430 23 510 27 639

2011 Q1 236 951 1 495 235 456 23 039 8 557 12 995 54 545 11 560 3 702 35 190 5 141 26 058 3 458 23 734 27 477


2010 5.1 5.3 5.0 5.1 7.2 6.7 3.5 0.0 9.0 7.2 2.6 4.0 4.5 2.4

Percentage chang e , quar ter on previous quarter

2011 Q1 1.4 1.5 2.9 1.7 0.0 1.9 1.6 1.9 3.2 0.6 1.0 0.8 1.0 −0.6

Percentage chang e , quar ter on corresponding quarter of previous year

2011 Q1 5.2 5.5 7.1 5.6 3.3 8.1 3.5 4.9 3.8 5.7 5.1 3.6 5.3 4.3

1 ESA 95 Classification of Individual Consumption by Pur pose.2 Final Consumption by UK Households in the UK & abroad.

3 Final consumption expenditure in the UK by UK & foreign households.

E2 Household final consumption expenditure (goods and services)Current prices

£ million

UK NATIONAL2

UK DOMESTIC3

Goods

Durable Semi- durable Non- durableTotal Net tour ism Total Total goods goods goods Ser vices

COICOP1 D SD ND S

ABPB ABTE ABQI UTIE UTIA UTIQ UTII UTIM2009 874 380 9 442 864 938 411 792 90 285 96 198 225 309 453 1462010 919 310 8 357 910 953 434 622 95 275 100 519 238 828 476 331

Seasonally adjusted

ABJQ ABTF ZAKV UTIF UTIB UTIR UTIJ UTIN2009 Q1 217 994 2 691 215 303 101 688 21 128 24 180 56 380 113 615

Q2 216 034 2 401 213 633 101 861 21 603 24 025 56 233 111 772Q3 217 935 2 279 215 656 102 690 22 699 23 855 56 136 112 966Q4 222 417 2 071 220 346 105 553 24 855 24 138 56 560 114 793

2010 Q1 225 264 2 158 223 106 107 545 24 320 24 595 58 630 115 561Q2 229 708 2 308 227 400 108 094 23 956 24 983 59 155 119 306Q3 230 642 2 139 228 503 108 458 23 416 25 437 59 605 120 045Q4 233 696 1 752 231 944 110 525 23 583 25 504 61 438 121 419

2011 Q1 236 951 1 495 235 456 111 669 23 678 25 404 62 587 123 787


2010 5.1 5.3 5.5 5.5 4.5 6.0 5.1


2011 Q1 1.4 1.5 1.0 0.4 −0.4 1.9 2.0


2011 Q1 5.2 5.5 3.8 −2.6 3.3 6.7 7.1

1 ESA 95 Classification of Individual Consumption by Pur pose.2 Final Consumption by UK Households in the UK & abroad.


E3 Household final consumption expenditure by purposeChained volume measures


UK NATIONAL2

UK DOMESTIC3

Food Alcohol Clothing Household Recreati- Restau-Net & & & goods & Commu- on & rants & Miscell-

Total tourism Total drink tobacco footwear Housing ser vices Health Transpor t nication culture Education hotels aneous

COICOP1 - - 0 01 02 03 04 05 06 07 08 09 10 11 12

ABPF ABTG ABQJ ADIP ADIS ADIW ADIZ ADJF ADJM ADJQ ADJU ADJV ADMJ ADMK ADMN2009 814 666 4 001 810 665 69 891 28 103 52 176 160 460 39 732 13 411 117 897 20 215 107 021 10 719 80 183 110 8572010 822 172 3 258 818 914 71 016 28 273 52 413 162 094 39 431 13 067 118 266 20 655 108 834 10 582 81 622 112 661

Seasonally adjusted

ABJR ABTH ZAKW ZWUN ZAKY ZALA ZAVO ZAVW ZAWC ZAWM ZAWW ZAXA ZWUT ZAXS ZAYG2009 Q1 204 262 1 170 203 092 17 272 7 008 12 951 40 344 10 152 3 379 28 807 5 014 26 747 2 697 20 369 28 352

Q2 202 792 1 110 201 682 17 430 7 053 13 037 40 257 9 818 3 397 29 022 5 099 26 576 2 681 19 833 27 479Q3 202 828 929 201 899 17 470 7 036 13 053 40 105 9 869 3 357 29 112 5 039 26 666 2 672 19 866 27 654Q4 204 784 792 203 992 17 719 7 006 13 135 39 754 9 893 3 278 30 956 5 063 27 032 2 669 20 115 27 372

2010 Q1 205 176 895 204 281 17 705 7 047 13 518 40 605 9 842 3 250 30 180 5 086 26 425 2 662 20 244 27 717Q2 205 852 924 204 928 17 742 7 108 13 031 40 487 9 973 3 270 29 750 5 093 27 093 2 655 20 506 28 220Q3 205 761 858 204 903 17 845 6 972 13 079 39 964 9 903 3 244 29 211 5 225 27 743 2 637 20 523 28 557Q4 205 383 581 204 802 17 724 7 146 12 785 41 038 9 713 3 303 29 125 5 251 27 573 2 628 20 349 28 167

2011 Q1 204 212 443 203 769 17 945 7 094 12 472 40 617 9 668 3 338 29 515 5 163 27 620 2 621 20 269 27 447


2010 0.9 1.0 1.6 0.6 0.5 1.0 −0.8 −2.6 0.3 2.2 1.7 −1.3 1.8 1.6


2011 Q1 −0.6 −0.5 1.2 −0.7 −2.4 −1.0 −0.5 1.1 1.3 −1.7 0.2 −0.3 −0.4 −2.6


2011 Q1 −0.5 −0.3 1.4 0.7 −7.7 0.0 −1.8 2.7 −2.2 1.5 4.5 −1.5 0.1 −1.0

1 ESA 95 Classification of Individual Consumption by Pur pose.2 Final consumption expenditure by UK households in the UK & abroad.


E4 Household final consumption expenditure (goods and services)Chained volume measures


UK NATIONAL2

UK DOMESTIC3

Goods

Durable Semi- durable Non- durableTotal Net tour ism Total Total goods goods goods Ser vices

COICOP1 D SD ND S

ABPF ABTG ABQJ UTIG UTIC UTIS UTIK UTIO2009 814 666 4 001 810 665 391 189 99 940 99 693 191 556 419 4762010 822 172 3 258 818 914 396 358 102 880 99 471 194 007 422 556

Seasonally adjusted

ABJR ABTH ZAKW UTIH UTID UTIT UTIL UTIP2009 Q1 204 262 1 170 203 092 97 423 23 858 25 189 48 376 105 669

Q2 202 792 1 110 201 682 97 292 24 156 25 000 48 136 104 390Q3 202 828 929 201 899 97 213 24 914 24 694 47 605 104 686Q4 204 784 792 203 992 99 261 27 012 24 810 47 439 104 731

2010 Q1 205 176 895 204 281 99 561 26 116 25 037 48 408 104 720Q2 205 852 924 204 928 98 908 25 683 24 840 48 385 106 020Q3 205 761 858 204 903 98 690 25 415 25 073 48 202 106 213Q4 205 383 581 204 802 99 199 25 666 24 521 49 012 105 603

2011 Q1 204 212 443 203 769 98 349 25 684 23 981 48 684 105 420

Percentage chang e , year on previous year

2010 0.9 1.0 1.3 2.9 −0.2 1.3 0.7


2011 Q1 −0.6 −0.5 −0.9 0.1 −2.2 −0.7 −0.2


2011 Q1 −0.5 −0.3 −1.2 −1.7 −4.2 0.6 0.7

1 ESA 95 Classification of Individual Consumption by Pur pose.2 Final consumption expenditure by UK households in the UK & abroad.


F Gross fixed capital formation by sector and type of assetChained volume measures


Analysis by sector Analysis by asset

Public corporat-ions2 Pr ivate sector

Existing Existing Other Otherbuildings buildings machinery buildings Intangible

Business General and and Tr anspor t and and fixedinvestment1 government Dwellings3 dwellings4 Dwellings3 dwellings4 Total equipment equipment Dwellings3 str uctures4 assets Total

NPEN EQDN DEEW EQDF DFDP EQCY NPQR DLWJ DLWM DFDV DLWQ EQDT NPQR2009 115 542 36 135 3 898 −51 33 272 8 201 196 997 10 560 52 860 37 171 79 728 16 679 196 9972010 119 603 37 227 3 985 −657 35 580 8 625 204 363 13 493 55 645 39 565 78 693 16 967 204 363

Seasonally adjusted

NPEL DLWF DKQH DLWH DFEA DLWI NPQT DLWL DLWO DFEG DLWT EQDO NPQT2009 Q1 31 990 8 545 917 −25 8 699 985 51 112 2 679 14 818 9 614 19 810 4 191 51 112

Q2 28 844 8 709 949 −137 8 177 2 316 48 858 2 680 12 606 9 170 20 247 4 156 48 858Q3 27 750 9 433 1 009 3 8 351 2 332 48 878 2 682 12 901 9 322 19 829 4 145 48 878Q4 26 957 9 448 1 023 108 8 045 2 568 48 149 2 519 12 535 9 065 19 842 4 187 48 149

2010 Q1 29 212 10 123 943 −36 8 345 2 133 50 720 3 336 13 338 9 281 20 481 4 284 50 720Q2 29 008 9 024 1 041 −197 8 898 2 254 50 028 2 802 14 061 9 947 19 040 4 178 50 028Q3 30 366 9 246 1 030 −199 9 349 2 205 51 996 3 184 14 294 10 383 19 913 4 222 51 996Q4 31 017 8 834 971 −225 8 988 2 033 51 619 4 171 13 952 9 954 19 259 4 283 51 619

2011 Q1 30 014 9 322 929 −75 8 652 1 756 50 598 2 375 14 294 9 592 19 961 4 376 50 598


2010 3.5 3.0 2.2 + 6.9 5.2 3.7 27.8 5.3 6.4 −1.3 1.7 3.7


2011 Q1 −3.2 5.5 −4.3 −66.7 −3.7 −13.6 −2.0 −43.1 2.5 −3.6 3.6 2.2 −2.0


2011 Q1 2.7 −7.9 −1.5 + 3.7 −17.7 −0.2 −28.8 7.2 3.4 −2.5 2.1 −0.2

1 Not including expenditure on dwellings, land and existing buildings andcosts associated with the transfer of ownership of non-produced assets.

2 Remaining investment by public non-financial corporations included withinbusiness investment.

3 Includes new dwellings and improvements to dwellings.4 Including costs associated with the transfer of ownership of buildings,

dwellings and non-produced assets.

G Chang es in inventoriesChained volume measures1


Manufactur ing industr ies Elect- Distributive tradesricity,

Mining gas and Chang esand Materials Wor k in Finished water Other in

quarr ying and fuel progress goods Total supply Wholesale2 Retail2 industr ies inventories

Level of inventoriesheld atend-December 192 16 078 16 633 20 183 52 894 2 169 21 910 26 491 71 927 175 5812010

FADO FBID FBIE FBIF DHBH FADP FAJM FBYH DLWV ABMQ2009 −118 −2 319 −643 −3 125 −6 087 −401 −3 527 933 −6 812 −16 0122010 82 546 38 1 004 1 588 646 −2 126 −98 3 193 3 285

Seasonally adjusted

FAEA FBNF FBNG FBNH DHBM FAEB FAJX FBYN DLWX CAFU2009 Q1 −81 −968 −442 −1 402 −2 812 −244 −981 302 −698 −4 514

Q2 −8 −641 −245 −1 009 −1 895 226 −1 002 324 −1 441 −3 796Q3 −35 −560 −286 −567 −1 413 23 −456 192 −2 502 −4 191Q4 6 −150 330 −147 33 −406 −1 088 115 −2 171 −3 511

2010 Q1 16 −90 −22 277 165 729 −1 476 −1 525 406 −1 685Q2 8 155 −20 204 339 −102 178 137 363 923Q3 −57 378 77 −46 409 32 −1 194 341 2 507 2 038Q4 115 103 3 569 675 −13 366 949 −83 2 009

2011 Q1 −125 −251 −540 −848 −1 639 113 868 1 394 −44 567


2 Wholesaling and retailing estimates exclude the motor trades.

H1 Expor ts and imports of goods and servicesCurrent market prices

£ million

Expor ts Impor ts Balance

Goods Services Total Goods Ser vices Total Goods Ser vices Total

LQAD KTMQ KTMW LQBL KTMR KTMX LQCT KTMS KTMY2009 227 645 163 248 390 893 310 010 110 570 420 580 −82 365 52 678 −29 6872010 265 272 163 333 428 605 364 088 113 818 477 906 −98 816 49 515 −49 301

Seasonally adjusted

BOKG IKBB IKBH BOKH IKBC IKBI BOKI IKBD IKBJ2009 Q1 55 769 42 556 98 325 76 965 28 620 105 585 −21 196 13 936 −7 260

Q2 54 537 40 179 94 716 74 697 27 881 102 578 −20 160 12 298 −7 862Q3 56 712 39 681 96 393 76 425 27 107 103 532 −19 713 12 574 −7 139Q4 60 627 40 832 101 459 81 923 26 962 108 885 −21 296 13 870 −7 426

2010 Q1 62 341 40 392 102 733 85 051 27 649 112 700 −22 710 12 743 −9 967Q2 66 243 40 086 106 329 89 322 28 806 118 128 −23 079 11 280 −11 799Q3 66 768 41 006 107 774 92 602 28 482 121 084 −25 834 12 524 −13 310Q4 69 920 41 849 111 769 97 113 28 881 125 994 −27 193 12 968 −14 225

2011 Q1 74 647 41 464 116 111 96 875 27 693 124 568 −22 228 13 771 −8 457


2010 16.5 0.1 9.6 17.4 2.9 13.6


2011 Q1 6.8 −0.9 3.9 −0.2 −4.1 −1.1


2011 Q1 19.7 2.7 13.0 13.9 0.2 10.5

H2 Expor ts and imports of goods and servicesChained volume measures


Expor ts Impor ts Balance

Goods Services Total Goods Ser vices Total Total

BQKP KTMT KTMZ BQKN KTMU KTNB KTNC2009 194 224 140 377 334 601 267 258 94 769 362 026 −27 4252010 215 030 136 952 351 982 297 930 95 813 393 743 −41 761

Seasonally adjusted

BQKQ IKBE IKBK BQKO IKBF IKBL IKBM2009 Q1 47 853 35 792 83 645 66 623 24 013 90 636 −6 991

Q2 47 183 34 982 82 166 64 458 24 123 88 581 −6 415Q3 48 401 34 478 82 879 66 272 23 275 89 547 −6 668Q4 50 787 35 125 85 911 69 905 23 358 93 262 −7 351

2010 Q1 50 706 34 244 84 950 71 824 23 585 95 409 −10 459Q2 53 950 33 569 87 519 73 181 24 217 97 398 −9 879Q3 54 569 34 236 88 805 75 243 23 839 99 082 −10 277Q4 55 805 34 903 90 708 77 682 24 172 101 854 −11 146

2011 Q1 58 378 34 483 92 862 75 965 23 491 99 456 −6 594


2010 10.7 −2.4 5.2 11.5 1.1 8.8


2011 Q1 4.6 −1.2 2.4 −2.2 −2.8 −2.4


2011 Q1 15.1 0.7 9.3 5.8 −0.4 4.2

I Net Lending by Sector

£ million

Net lending (+) / Net borrowing (-) by sector1

Government Corporations

Pr ivate Household Rest ofCentral Local Public Financial non-financial & NPISH the World

NMFJ NMOE CPCM NHCQ DTAL NSSZ NHRB2009 −145 946 −4 183 −722 53 598 56 656 19 606 20 5702010 −145 595 −3 559 1 538 20 001 62 847 12 794 43 028

Seasonally adjusted

RPYH RQAJ RQBN RPYN RQBV RPZT RQCH2009 Q1 −34 834 −2 423 426 20 241 15 113 −2 184 3 837

Q2 −35 247 140 −656 9 382 7 531 8 337 10 566Q3 −36 060 −1 010 −221 11 112 14 231 7 884 3 899Q4 −39 805 −890 −271 12 863 19 781 5 569 2 268

2010 Q1 −39 672 −980 192 5 545 16 094 7 824 9 253Q2 −32 615 −817 65 9 636 11 204 191 10 176Q3 −36 602 −643 340 7 498 12 857 2 621 11 489Q4 −36 706 −1 119 941 −2 678 22 692 2 158 12 110

2011 Q1 −32 749 −2 182 380 4 405 16 447 2 681 8 711

1 The sum of net lending by sector is equal (but opposite sign) to the residualerror between the expenditure and income based estimates of GDP.

J1 Households Sector1: Allocation of Primary Income Account

£ million

RESOURCES USESHouseholds’

Compensation of employees shareGross operating Balance of of gross

sur plus Employers’ Property Property primar y nationalincluding gross Wages and social income Total income incomes, incomemixed income salar ies contr ibutions received resources paid gross Total uses (per cent)

NRJN ROYJ ROYK ROYL ROYR ROYT ROYS ROYR NRJH2009 141 851 648 379 125 400 130 529 1 046 159 13 826 1 032 333 1 046 159 73.02010 155 931 658 928 137 945 124 831 1 077 635 11 382 1 066 253 1 077 635 72.2

Seasonally adjusted

2009 Q1 35 359 161 903 30 018 32 781 260 061 5 363 254 698 260 061 71.6Q2 34 842 162 244 30 900 33 634 261 620 3 134 258 486 261 620 74.9Q3 35 371 161 733 31 322 33 424 261 850 2 685 259 165 261 850 73.3Q4 36 279 162 499 33 160 30 690 262 628 2 644 259 984 262 628 72.1

2010 Q1 37 986 164 195 34 590 31 722 268 493 2 875 265 618 268 493 73.3Q2 38 798 163 852 34 835 29 414 266 899 3 304 263 595 266 899 71.8Q3 39 281 164 671 34 559 31 484 269 995 2 623 267 372 269 995 72.2Q4 39 866 166 210 33 961 32 211 272 248 2 580 269 668 272 248 71.8

2011 Q1 41 849 168 023 33 978 34 466 278 316 2 995 275 321 278 316 72.6


2010 9.9 1.6 10.0 −4.4 3.0 −17.7 3.3 3.0


2011 Q1 5.0 1.1 0.1 7.0 2.2 16.1 2.1 2.2


2011 Q1 10.2 2.3 −1.8 8.7 3.7 4.2 3.7 3.7

J2 Households Sector1:Secondar y Distribution of Income Account

£ million

RESOURCES USESReal

Social Social householdsGross benefits Current benefits disposable

balance other than taxes on other than Households’ income: atof Social social Other income, Social social Other gross chained

pr imary contr ib- transfers current Total wealth, contri- transfers current disposable volumeincomes utions in kind transfers resources etc. butions in kind transfers income Total uses measures

ROYS RVFH RPHL RPHM RPHP RPHR RPHU RPIA RPIB RPHQ RPHP NRJR2009 1 032 333 524 274 909 60 110 1 367 876 179 872 212 074 1 020 32 670 942 240 1 367 876 876 3452010 1 066 253 524 286 590 62 305 1 415 672 180 539 226 472 1 020 33 585 974 056 1 415 672 869 458

Seasonally adjusted

2009 Q1 254 698 131 67 140 13 852 335 821 46 944 50 520 255 7 984 230 118 335 821 215 347Q2 258 486 131 69 009 14 358 341 984 44 562 53 195 255 7 308 236 664 341 984 221 660Q3 259 165 131 69 203 16 452 344 951 44 068 53 500 255 9 571 237 557 344 951 220 634Q4 259 984 131 69 557 15 448 345 120 44 298 54 859 255 7 807 237 901 345 120 218 704

2010 Q1 265 618 131 70 559 14 717 351 025 43 958 57 038 255 7 725 242 049 351 025 219 971Q2 263 595 131 71 468 15 968 351 162 45 252 55 358 255 8 772 241 525 351 162 216 072Q3 267 372 131 72 181 15 749 355 433 45 678 56 752 255 8 234 244 514 355 433 217 691Q4 269 668 131 72 382 15 871 358 052 45 651 57 324 255 8 854 245 968 358 052 215 724

2011 Q1 275 321 140 72 011 14 102 361 574 46 095 58 069 264 8 391 248 755 361 574 214 011


2010 3.3 4.2 3.7 3.5 0.4 6.8 2.8 3.4 3.5 −0.8


2011 Q1 2.1 −0.5 −11.1 1.0 1.0 1.3 −5.2 1.1 1.0 −0.8


2011 Q1 3.7 2.1 −4.2 3.0 4.9 1.8 8.6 2.8 3.0 −2.7

1 This sector includes households and non-profit institutions serving house-holds.

J3 Households Sector1: Use of Disposable Income Account

£ million

RESOURCES USES

Adjustment for theGross change in net

households’ equity of Total available Final Households’disposable households in households’ consumption Gross saving ratio2

income pension funds resources expenditure saving Total uses (per cent)

RPHQ RPQJ RPQK RPQM RPQL RPQK NRJS2009 942 240 26 547 968 787 910 632 58 155 968 787 6.02010 974 056 35 301 1 009 357 955 682 53 675 1 009 357 5.3

Seasonally adjusted

2009 Q1 230 118 4 056 234 174 226 982 7 192 234 174 3.1Q2 236 664 6 725 243 389 225 141 18 248 243 389 7.5Q3 237 557 7 360 244 917 227 024 17 893 244 917 7.3Q4 237 901 8 406 246 307 231 485 14 822 246 307 6.0

2010 Q1 242 049 7 802 249 851 234 367 15 484 249 851 6.2Q2 241 525 8 310 249 835 238 851 10 984 249 835 4.4Q3 244 514 9 367 253 881 239 698 14 183 253 881 5.6Q4 245 968 9 822 255 790 242 766 13 024 255 790 5.1

2011 Q1 248 755 9 092 257 847 246 030 11 817 257 847 4.6


2010 3.4 4.2 4.9 4.2


2011 Q1 1.1 0.8 1.3 0.8


2011 Q1 2.8 3.2 5.0 3.2

1 This sector includes households and non-profit institutions serving house-holds.

2 Households’ saving as a percentage of total available households’ re-sources.

K1 Private Non-Financial Corporations Sector:Allocation of Primary Income Account

£ million

Gross operating surplus Proper ty income payments

Gross trading profits Share ofless Gross gross

Continental Inventor y Gross Property balance of nationalshelf Rental of holding operating income Total Total of which of which pr imary income1

companies Others1 buildings gains sur plus1 receipts resources1,2 payments Dividends Interest incomes1 (per cent)

CAGD CAED DTWR -DLRA CAER RPBM RPBN RPBP RVFT ROCG RPBO NRJL2009 20 729 200 650 17 389 −5 246 233 522 83 936 317 458 149 376 85 816 30 589 168 082 11.92010 26 114 209 703 18 337 −8 001 246 153 89 939 336 092 132 174 75 883 23 273 203 918 13.8

Seasonally adjusted

2009 Q1 5 544 51 882 4 367 −550 61 243 20 745 81 988 38 687 21 199 9 033 43 301 12.2Q2 5 049 48 102 4 252 −900 56 503 17 664 74 167 37 231 23 484 8 053 36 936 10.7Q3 4 597 50 305 4 320 −1 314 57 908 22 026 79 934 39 955 21 247 7 046 39 979 11.3Q4 5 539 50 361 4 450 −2 482 57 868 23 501 81 369 33 503 19 886 6 457 47 866 13.3

2010 Q1 6 002 50 316 4 504 −2 296 58 526 21 587 80 113 34 313 19 105 6 100 45 800 12.6Q2 6 262 50 037 4 571 −1 341 59 529 20 865 80 394 34 293 19 836 5 836 46 101 12.6Q3 6 706 52 782 4 609 −1 892 62 205 22 517 84 722 35 105 22 683 5 636 49 617 13.4Q4 7 144 56 568 4 653 −2 472 65 893 24 970 90 863 28 463 14 259 5 701 62 400 16.6

2011 Q1 7 564 57 259 4 662 −4 805 64 680 24 530 89 210 40 560 23 204 5 507 48 650 12.8


2010 26.0 4.5 5.4 7.2 5.9 −11.5 −11.6 −23.9 21.3


2011 Q1 5.9 1.2 −1.8 −1.8 −1.8 42.5 62.7 −3.4 −22.0


2011 Q1 26.0 13.8 10.5 13.6 11.4 18.2 21.5 −9.7 6.2

1 Quar terly alignment adjustment included in this series. 2 Total resources equals total uses.

K2 Private Non-financial Corporations Sector:Secondar y Distribution of Income Account and Capital Account

£ million

Secondar y Distribution of Income Account Capital Account

Changes inliabilities

Resources Uses & net wor th Changes in assets

Gross Net Gross Changes Net lendingbalance of Taxes Gross capital fixed in Other (+) or

pr imary Other on Other disposable transfer capital invent- changes borrowingincomes1 resources2 Total 1,3 income uses 4 income 1,5 receipts Total 1 formation ories1 in assets 6 (-) 1,7

RPBO NROQ RPKY RPLA NROO RPKZ NROP RPXH ROAW DLQY NRON RQBV2009 168 082 9 957 178 039 33 257 10 445 134 337 10 199 144 536 102 801 −15 434 513 56 6562010 203 918 9 388 213 306 36 657 9 876 166 773 8 219 174 992 106 947 4 633 565 62 847

Seasonally adjusted

2009 Q1 43 301 2 644 45 945 9 441 2 766 33 738 5 378 39 116 27 983 −4 161 181 15 113Q2 36 936 2 410 39 346 8 017 2 532 28 797 1 501 30 298 26 409 −3 720 78 7 531Q3 39 979 2 728 42 707 6 773 2 850 33 084 1 719 34 803 24 513 −4 158 217 14 231Q4 47 866 2 175 50 041 9 026 2 297 38 718 1 601 40 319 23 896 −3 395 37 19 781

2010 Q1 45 800 2 218 48 018 9 047 2 340 36 631 3 801 40 432 25 575 −1 407 170 16 094Q2 46 101 2 458 48 559 8 957 2 580 37 022 1 465 38 487 25 917 1 190 176 11 204Q3 49 617 2 260 51 877 9 200 2 382 40 295 1 418 41 713 27 042 1 616 198 12 857Q4 62 400 2 452 64 852 9 453 2 574 52 825 1 535 54 360 28 413 3 234 21 22 692

2011 Q1 48 650 2 120 50 770 9 131 2 242 39 397 2 990 42 387 26 666 −799 73 16 447


2010 21.3 −5.7 19.8 10.2 −5.4 24.1 −19.4 21.1 4.0


2011 Q1 −22.0 −13.5 −21.7 −3.4 −12.9 −25.4 94.8 −22.0 −6.1


2011 Q1 6.2 −4.4 5.7 0.9 −4.2 7.6 −21.3 4.8 4.3

1 Quar terly alignment adjustment included in this series.2 Social contributions and other current transfers.3 Total resources equals total uses.4 Social benefits and other current transfers.

5 Also known as gross saving.6 Acquisitions less disposals of valuables and non-produced non-financial as-

sets.7 Gross of fixed capital consumption.

L Gross value added at basic prices: individual measures

£ million Index numbers (2006 = 100)

Expenditure- At current prices Value indices at current prices Chained volume indicesbased

estimateat chained Expenditure- Income- Expenditure- Income- Expenditure- Income- Output-

volume based based Residual based based based based basedmeasures estimate estimate error 1 estimate estimate estimate estimate2 estimate

CAGR CAGQ CAGS DJDS IHYA IHYB IHYC IHYD YBFR2009 1 160 025 1 259 080 1 258 659 421 106.4 106.3 98.0 98.0 97.72010 1 181 383 1 303 555 1 294 609 8 946 110.1 109.4 99.8 99.1 99.2

Seasonally adjusted

2009 Q1 291 297 317 280 317 456 −176 107.2 107.3 98.4 98.5 98.2Q2 289 313 311 433 311 486 −53 105.2 105.3 97.8 97.8 97.5Q3 288 768 313 437 313 272 165 105.9 105.9 97.6 97.5 97.3Q4 290 647 316 930 316 445 485 107.1 106.9 98.2 98.1 97.8

2010 Q1 292 135 320 822 319 078 1 744 108.4 107.8 98.7 98.2 98.2Q2 295 599 324 895 322 735 2 160 109.8 109.1 99.9 99.2 99.3Q3 297 576 326 904 324 464 2 440 110.5 109.6 100.6 99.8 100.0Q4 296 073 330 934 328 332 2 602 111.8 111.0 100.0 99.3 99.4

2011 Q1 297 339 333 121 330 814 2 307 112.6 111.8 100.5 99.8 99.9


2010 1.8 3.5 2.9 3.5 2.9 1.8 1.2 1.6


2011 Q1 0.4 0.7 0.8 0.7 0.8 0.4 0.5 0.5


2011 Q1 1.8 3.8 3.7 3.8 3.7 1.8 1.6 1.7

1 The residual error is, by convention, the amount by which the expenditure-based approach to measuring GDP exceeds the income-based estimate. Itis also the sum of two components: the statistical discrepancy (expenditure)with sign reversed, and the statistical discrepancy (income) with naturalsign.

2 Income data deflated by the implied GDP deflator, based on expendituredata.

M Alignment adjustments

£ million

Changes in inventor iesGross operating surplus of

Chained volume measures (Reference year non-financial cor porationsAt current prices 2006) at current prices

Seasonally adjustedDMUN DMUM DMUQ

2004 Q1 −578 −614 −2 095Q2 −762 −807 −415Q3 220 229 880Q4 1 120 1 192 1 630

2005 Q1 1 385 1 511 330Q2 771 872 354Q3 −656 −677 −100Q4 −1 500 −1 707 −584

2006 Q1 −182 −186 −135Q2 139 139 −344Q3 1 140 1 131 508Q4 −1 097 −1 084 −29

2007 Q1 −394 −382 1 673Q2 −655 −633 1 340Q3 −234 −222 −1 217Q4 1 283 1 237 −1 796

2008 Q1 206 192 409Q2 −483 −462 −1 303Q3 1 627 1 530 896Q4 −1 350 −1 260 −2

2009 Q1 1 733 1 610 742Q2 530 492 −1 551Q3 −1 211 −1 129 775Q4 −1 052 −973 34

2010 Q1 −391 −355 −100Q2 673 610 −811Q3 −221 −201 −65Q4 −61 −54 976

2011 Q1 1 151 1 014 −1 424

R Revisions Analysis1,2

Revisions since previously published estimates£ million

2006 2007 2008 2009 2010Latest less previously published levels of GDP

at current market pricesPrevious estimates published on 25th May 2011National accounts aggregates

at current prices (Table A2)Gross domestic product at market prices − − − − 1 781less Basic price adjustment − − − − 178Gross value added at basic prices − − − − 1 603

Gross domestic product:expenditure at current prices (Table C1)

Domestic expenditure on goods and servicesat market prices

Households − − − − 852Non-profit institutions serving households − − − − −General government − − − − 1 198Gross fixed capital for mation − − − − 1 375Changes in inventor ies − − − − 1 336Acquisitions less disposals of valuables − − − − −2Total − − − − 4 759

Total expor ts − − − − 346Total imports − − − − 1 193Statistical discrepancy (expenditure) − − − − −2 131

Gross domestic product:income at current prices (Table D)

Compensation of employees − − − − 1 105Gross operating surplus of corporations − − − − −711Other income − − − − −178Gross value added at factor cost − − − − 216Taxes on products & production less Subsidies − − − − 385Statistical discrepancy (income) − − − − 1 180


2006 2007 2008 2009 2010Latest less previously published growth rates for GDP

in chained volume termsPrevious estimates published on 25th May 2011Percentage chang es in volume of GDP (Table A2)

Gross domestic product chained volume measuresYear on year growth − − − − 0.1

Percentage chang es in volumeof GVA output components (Table B1)

GVA at basic pricesAgriculture, forestr y and fishing − − − − −2.5Mining, quarrying inc oil & gas extraction − − − − 0.7Manufactur ing − − − − −Electr icity gas and water supply − − − − 0.3

Total Production − − − − 0.1Constr uction − − − − 1.1

Distr ibution, hotels and catering; repairs − − − − −0.2Tr anspor t, storage and communication − − − − 0.2Business services and finance − − − − 0.4Government and other services − − − − −0.5

Total Services − − − − −Total GVA − − − − 0.1Total GVA excluding Oil − − − − 0.1

Percentage chang es in volumeof GDP expenditure components (Table C2)


Households − − − − 0.1Non-profit institutions serving households − − − − 1.7General government − − − − 0.2Gross fixed capital for mation − − − − 0.7Total − − − − 0.3

Total expor ts − − − − −0.1Total imports − − − − 0.3

2006 2007 2008 2009 2010Latest less previously published household saving ratioPrevious estimates published on 29th March 2011Households’ sector: Use of Disposable Income Account

(TABLE J3)Saving ratio (per cent) − − − − −0.1

2 Estimates are given to one decimal place but cannot be regarded as accu-rate to this degree.

R Revisions Analysis1,2

Revisions since previously published estimatescontinued £ million

2009 2009 2009 2009 2010 2010 2010 2010 2011Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Latest less previously published levels of GDPat current market prices

Previous estimates published on 25th May 2011National accounts aggregates

at current prices (Table A2)Gross domestic product at market prices − − − − −485 1 134 −556 1 688 −379less Basic price adjustment − − − − −384 −16 142 436 943Gross value added at basic prices − − − − −101 1 150 −698 1 252 −1 322

Gross domestic product:expenditure at current prices (Table C1)


Households − − − − −457 885 −569 993 −576Non-profit institutions serving households − − − − − − − − 7General government − − − − 37 222 656 283 −132Gross fixed capital for mation − − − − 574 −100 11 890 2 382Changes in inventor ies − − − − 70 1 342 260 −336 −1 482Acquisitions less disposals of valuables − − − − − −3 −6 7 247Total − − − − 224 2 346 352 1 837 446

Total expor ts − − − − 83 −139 −43 445 −383Total imports − − − − 384 558 284 −33 −285Statistical discrepancy (expenditure) − − − − −408 −515 −581 −627 −727

Gross domestic product:income at current prices (Table D)

Compensation of employees − − − − 24 563 74 444 −408Gross operating surplus of corporations − − − − −474 234 −916 445 −1 412Other income − − − − 148 −6 −156 −164 288Gross value added at factor cost − − − − −302 791 −998 725 −1 532Taxes on products & production less Subsidies − − − − −410 57 121 617 760Statistical discrepancy (income) − − − − 227 286 321 346 393


2009 2009 2009 2009 2010 2010 2010 2010 2011Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Latest less previously published growth ratesfor GDP in chained volume terms

Previous estimates published on 25th May 2011Percentage chang es in volume of GDP (Table A2)

Gross domestic product chained volume measuresQuar ter on quarter growth − − − − 0.2 − −0.1 − −Quar ter on same quarter a year earlier − − − − 0.1 0.1 − − −0.2

Percentage chang es in volumeof GVA output components (Table B1)

GVA at basic prices quarter on quarter growthAgriculture, forestr y and fishing − − − − −2.8 0.5 −0.2 0.4 −0.5Mining, quarrying inc oil & gas extraction − − − − 0.9 − −0.4 −0.1 −0.4Manufactur ing − − − − − 0.1 −0.1 −0.1 −0.4Electr icity gas and water supply − − − − 0.1 0.6 −0.3 −0.4 −0.1

Total Production − − − − 0.1 0.2 −0.2 −0.2 −0.3Constr uction − − − − 1.0 − −0.1 0.2 0.6

Distr ibution, hotels and catering; repairs − − − − − −0.1 −0.1 −0.2 0.1Tr anspor t, storage and communication − − − − −0.2 0.5 0.1 0.2 −0.5Business services and finance − − − − 0.2 0.1 − − −0.2Government and other services − − − − −0.3 0.1 −0.3 −0.2 0.5

Total Services − − − − −0.1 0.1 −0.1 − −Total GVA − − − − − 0.1 −0.1 − −Total GVA excluding Oil − − − − 0.1 0.2 −0.1 − −

Percentage chang es in volume of GDPexpenditure components (Table C2)

Domestic expenditure on goods and servicesat market prices quarter on quarter growth

Households − − − − 0.3 −0.2 − 0.1 −Non-profit institutions serving households − − − − 1.1 0.6 0.3 0.1 −0.3General government − − − − −0.1 0.3 0.5 −0.3 −0.5Gross fixed capital for mation − − − − 1.4 −1.5 0.3 1.1 2.4Total − − − − 0.4 − −0.1 −0.2 0.4

Total expor ts − − − − −0.1 − −0.1 0.4 −1.3Total imports − − − − 0.4 − −0.2 −0.4 −0.1

2009 2009 2009 2009 2010 2010 2010 2010 2011Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Latest less previously published household savingratio

Previous estimates published on 29th March 2011Households’ sector:

Use of Disposable Income Account (TABLE J3)Saving ratio (per cent) − − − − 0.1 −0.1 0.1 −0.3 ..

2 Estimates are given to one decimal place but cannot be regarded as accu-rate to this degree.

Statistical Bulletin: Quarterly National Accounts– 1st quarter 2011

Next publication: Tuesday 26 July 2011 Issued by: Office for National Statistics, Government Buildings, Cardiff Road, Newport

NP10 8XG Media contact: Tel Media Relations Office 0845 604 1858 Emergency on-call 07867 906553 Email [email protected] Statistical contact: Tel Pete Lee 01633 456713 Email [email protected] Website: www.statistics.gov.uk

Quarterly national accounts - Springer · Statistical Bulletin: Quarterly national accounts – 1st quarter 2011| page 3 The business services and finance sector increased by 0.4

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