UK GDP

UK GDP, Q2 second estimate : ONS

  • UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.7% between Q1 2013 and Q2 2013, revised up by 0.1 percentage points from the previously published estimate.
  • GDP in volume terms increased by 1.5% when comparing Q2 2013 with Q2 2012.
  • In current prices GDP was estimated to have increased by 0.4% between Q1 2013 and Q2 2013.
  • All expenditure components – with the exception of non-profit institutions serving households – contributed positively to the 0.7% increase in GDP between Q1 2013 and Q2 2013.
  • Compensation of employees – which includes both wages & salaries and pension contributions – increased by 2.4% in Q2 2013, the highest quarterly increase since Q3 2000 when it also increased by 2.4%. The increase in Q2 2013 partly reflects unusually high bonus payments in April 2013
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