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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:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
