GDP increased by 0.7% in Q4 2013 compared with Q3 2013.
Output increased in three of the four main industrial groupings within the economy in Q4 2013 compared with Q3 2013. Output increased by 0.5% in agriculture, 0.7% in production and 0.8% in services. Output decreased by 0.3% in construction.
In Q4 2013 GDP was estimated to be 1.3% below the peak in Q1 2008. From peak to trough in 2009, the economy shrank by 7.2%.
GDP was 2.8% higher in Q4 2013 compared with the same quarter a year ago. GDP is estimated to have increased by 1.9% in 2013, compared with 2012.
The unemployment rate for September to November 2013 was 7.1% of the economically active population, down 0.5 percentage points from June to August 2013. There were 2.32 million unemployed people, down 167,000 from June to August 2013.
The inactivity rate for those aged from 16 to 64 for September to November 2013 was 22.2%, down 0.1 percentage points from June to August 2013. There were 8.93 million economically inactive people aged from 16 to 64, down 22,000 from June to August 2013.
The employment rate for those aged from 16 to 64 for September to November 2013 was 72.1%, up 0.5 percentage points from June to August 2013. There were 30.15 million people in employment aged 16 and over, up 280,000 from June to August 2013.
Total pay and regular pay both rose by 0.9% compared with September to November 2012.
Year-on-year estimates of the quantity bought in the retail industry showed strong growth in December 2013, increasing by 5.3% compared with December 2012. Comparing the 12 months of 2013 with the 12 months of 2012 the quantity bought in 2013 increased by 1.6% compared with 2012.
Non-seasonally adjusted data show that small stores experienced higher growth year-on-year than large stores with the amount spent in small stores increasing by 8.1% compared with 2.6% in large stores. Non-food stores provided the main contribution to the growth in the amount spent at small stores.
The underlying pattern in the data as suggested by the three month-on-three month movement show much weaker growth (0.4%) than suggested by the year-on-year increase (5.3%). Contractions in the quantity bought in food stores and petrol stations continued to offset growth in the quantity bought in non-food stores and non-store retailing.
On the month the picture is one of strong growth with the quantity bought increasing by 2.6%. All store types saw an increase in the quantity bought but perhaps most notable is the record month-on-month increase in the quantity bought at department stores of 8.7%.
In December 2013, the amount spent in the retail industry increased by 6.1% compared with December 2012 and by 2.6% compared with November 2013. Non-seasonally adjusted data show that the average weekly spend in the retail industry in December 2013 was £8.8 billion compared with £8.5 billion in December 2012 and £7.5 billion in November 2013.
Internet sales (seasonally adjusted) increased by 11.8% in December 2013 compared with December 2012 and by 1.8% compared with November 2013.
Non-seasonally adjusted data show that the proportion of sales made online decreased by 0.2 percentage points to 11.8% of all retail sales (excluding automotive fuel).
The Consumer Prices Index (CPI) grew by 2.0% in the year to December 2013, down from 2.1% in November.
The largest contributions to the fall in the rate came from prices for food & non-alcoholic beverages and recreational goods & services. These were partially offset by an upward contribution from motor fuels.
The overall price increase for gas and electricity in December 2013 was slightly larger than the rises a year earlier resulting in a small upward contribution to inflation.
CPIH (includes owner occupiers’ housing costs) grew by 1.9% in the year to December 2013, unchanged from November.
RPIJ grew by 2.0%, also unchanged from November. RPIJ is an improved variant of the Retail Prices Index which is calculated using formulae that meet international standards