stats

UK Balance of Payments

UK Balance of Payments

The balance of payments is the record of a country’s transactions / trade with the rest of the world. The balance of payments consists of: Current Account (trade in goods, services + investment incomes + transfers) Capital Account / Financial Account (capital and financial flows, net investment, portfolio investment) Errors and omissions. It is hard to collect all data so some is missed out. In theory there should be a balancing between capital and current / financial account. If there is a current account deficit, there should be a surplus on…

UK Inflation Rate and Graphs

UK Inflation Rate and Graphs

Current UK Inflation Rate CPI inflation rate:  0.3% (headline rate) CPI – D7G7 at ONS (page updated 10 July, 2016) Source: Raw data General inflation tables | CPI annual % change D7G7 at ONS Other measures of inflation RPI = 1.4%% May 2016 (RPI index CZBH) RPIJ = 0.7% CPIH = 0.7% (CPIH – L550) Updated 10th June, 2016 See: Measures of inflation What is causing low inflation? Lower cost push inflation – falling oil prices. …

UK Housing Market Stats and Graphs

UK Housing Market Stats and Graphs

A look at the main UK housing market data. House prices Affordability of housing Interest rates Supply of housing House price inflation Nationwide data Annual house price inflation running at 5.3% in Q1 2016 London showed strongest housing market with prices rising more than other areas.. Price of a typical home is £198,564 (Q1 2016) UK House prices in past few decades In 1969, average house prices were: £4,312 In 1975, average house prices were:…

Savings ratio UK

Definition of Household savings ratio: The percentage of disposable income that is saved. (1) Total savings = Disposable income – Household consumption UK Saving Ratio Latest UK household savings ratio: Q4 2015 = 3.8% (31 March, 2016) UK Saving ratio. Source: National income accounts Q4 NRJS dataset (more…)

Investment in UK – Business and Public Sector

Investment in UK – Business and Public Sector

  Total UK Business investment since 1980, slow recovery from 2009. (seasonally adjusted.) Business investment in past ten years Source: ONS NPEN From 2007 to 2010 we see a 22% fall in private sector business investment. This was the result of Banking crisis – banks didn’t want to lend Fall in consumer confidence Recession, which caused firms to hold bank from investment Recovery in business investment since 2010 From a low basis and 20% fall Helped…

UK Bond Yields Explained

UK Bond Yields Explained

UK bond yields are the rate of interest received by those holding Government bonds. Governments sell bonds (via the Debt Management Office DMO) to fund their budget deficits. Bonds are a way for the government to borrow – a bit like the government taking out a loan. Government bonds are frequently traded on bond markets. Therefore, their market price may be quite different to the original price set by the government. Example. A government may sell a 10 year, £1,000 bond at 5% interest. This means every year year the government will…

Economic Growth UK

Economic Growth UK

Economic growth measures the change in real GDP (national income adjusted for inflation; ONS call it chained volume measure of GDP) In 2014 the UK economy grew by 2.4% –  (compared to 1.7% in 2013. GDP was 2.6% higher in Quarter 2 (Apr to June) 2015 compared with the same quarter a year ago. The peak to trough fall of the economic downturn in 2008/2009 is now estimated to be 6.0% In 2013, GDP at market prices was £1,713,302 million (£1.7 trillion) Updated September 14th, 2015 Recent UK Economic Growth

Finding economic stats and data at ONS and Bank of England

Finding economic stats and data at ONS and Bank of England

  Quick links for main economic statistics My page with graphs Main ONS dataset Useful direct links Economic growth National income acc Real GDP | % quarterly Inflation inflation series CPI annual % Unemployment Labour market ILO % Current account b of p pnbp C.A % GDP Budget deficit psf at ONS | psf at HM T PSNB % GDP Public sector debt psf at ONS PSND % GDP Labour productivity prdy dataset lab. prod. % change Saving Ratio Nat.l inc. acc: J3 household…