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 investmentGeneral government
200515.2-63.8
2006-14.4182.1
200712.67.0
20084.219.1
2009-16.613.4
2010-0.7-1.0
2011-1.3-10.1
20121.83.7

One thought on “Notes on UK growth Q1 2013

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

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