Notes on UK growth Q1 2013

Latest GDP statistics show economic growth of 0.3% in Q1 of 2013. (Link ONS)

The strongest growth has come from the service sector (1.3%) and retail in particular.

Production industries fell -2.6% in Q1 2013. Construction was hardest hit falling – 6.3%

Despite the strongest growth in real disposable income since 2009. (Real household disposable income increased by 1.4% between 2011 and 2012.) Higher retail spending appears to be partly financed by a fall in the savings ratio which fell from 7.1% (Q3 2012) to 4.3% (Q1 2013)

Investment shows only a modest growth in 2012.

Business investment General government
2005 15.2 -63.8
2006 -14.4 182.1
2007 12.6 7.0
2008 4.2 19.1
2009 -16.6 13.4
2010 -0.7 -1.0
2011 -1.3 -10.1
2012 1.8 3.7

One Response to Notes on UK growth Q1 2013

  1. Troy June 29, 2013 at 11:49 pm #

    I think the Eurozone will have another crisis come September (Germany election). I’m really interested in seeing what will happen to the UK.

Leave a Reply