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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:All parts will have a dry day. A lot of cloud expected through the day. A little brightness breaking through at times along the coast. Maximum temperature 16 °C.Tonight:This evening will be dry. The rest of the night will remain dry with variable amounts of cloud and some clear periods. Light southwesterly winds. Minimum temperature 10 °C.
