Tell us whether you accept cookies We would like to use cookies to collect information about how you use ons. Accept all cookies. Set cookie preferences. Understanding the UK economy Bringing together the latest data on employment, prices and trade to give an overview of the economy in the UK. Labour market overview, UK Statistical bulletin Released on 12 October Estimates of employment, unemployment, economic inactivity and other employment-related statistics for the UK.
Retail sales, Great Britain Statistical bulletin Released on 22 October A first estimate of retail sales in volume and value terms, seasonally and non-seasonally adjusted. UK trade Statistical bulletin Released on 11 November Total value of UK exports and imports of goods and services in current prices, chained volume measures and implied deflators.
Consumer price inflation, UK Statistical bulletin Released on 20 October Price indices, percentage changes, and weights for the different measures of consumer price inflation. Collectors from Kantar Public gathered information on a range of items from up to three different stores across multiple locations, recording availability across four categories: none, low, medium, or high.
Gross domestic product GDP is estimated to have grown by 0. Services output grew by 0. This follows an increase of 0. There was particularly strong growth in human health activities which grew by 6. Professional, scientific, and technical activities was the second largest contributor to services growth, growing by 2. This reflects strength in legal activities growing by 3. Production output decreased by 0. This was the fourth consecutive monthly fall in the distribution of gas following exceptionally high output levels in May when adverse weather conditions boosted supply.
Construction output increased by 1. Growth in construction was driven by growth in repair and maintenance 1. September is the ninth consecutive month since January where imports from non-EU countries have been higher than from EU countries. For the first time we have been able to breakdown the total trade balance for the UK into the nine English regions and three devolved nations. In , Scotland, Wales and Northern Ireland along with eight of the nine English regions were net exporters of services, with London accounting for The largest proportion of services imports, came from the travel services industry, representing at least a quarter of services imports in every devolved nation and high-level English region excluding London.
The figures provided a more complete picture of Britain's swift economic bounce-back from its coronavirus lockdown earlier this year, but there are now signs of a loss of momentum due to shortages of supplies and staff as the global economy reopens.
On Wednesday, BoE Governor Andrew Bailey said he thought the economy would regain its pre-pandemic level of output in early - a month or two later than the BoE had forecast in August.
The savings ratio, which measures the income households saved as a proportion of their total available disposable income, fell to GDP growth was driven by the services sector, especially in the accommodation and food industry where output rose by Manufacturing output rose by 1. Thursday's data showed British GDP grew by 0. GDP in July fell by 0. The BoE said last week, as it kept interest rates on hold, that recent economic growth had been weaker than it had expected and it would keep a close eye on the state of the labour market after the government's job protection scheme ended on Oct.
Paul Dales, an economist at Capital Markets, a consultancy, said he expected the 0. The BoE last week shocked financial markets when it kept its benchmark rate at an all-time low of 0.
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