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23/08/2013
GDP Increases By 0.7%
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, according to the Office for National Statistics (ONS).
The upwards revision to GDP between the first and second estimate can be attributed to small upwards revisions across a number of the main industrial groupings.
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.
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.
(CD/IT)
The upwards revision to GDP between the first and second estimate can be attributed to small upwards revisions across a number of the main industrial groupings.
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.
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.
(CD/IT)
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
