stats

UK Inflation Rate and Graphs

UK Inflation Rate and Graphs

Current UK Inflation RateCPI inflation rate:  3.0% (headline rate) CPI – D7G7 at ONS (page updated 17 October 2017)Source: Raw data General inflation tables | CPI annual % change D7G7 at ONSOther measures of inflation(CPIH) CPI including owner occupiers’ housing costs – 2.8% (CPIH – L550) Factory gate prices (Output prices) 3.3% June 2017 (output prices) ONS See: Measures of inflationCost-push inflationary factors In 2017, UK has seen a rise in cost-push…

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 2016 the UK economy grew by 1.8% –  (compared to 2.2% in 2015. In the first half of 2017, the economy has grown by just 0.5% (annualised growth of 1%) Q1 0.2% | Q2 0.3% The peak to trough fall of the economic downturn in 2008/2009 is now estimated to be 6.0% Figures for Q2 2017 show the economy is reliant on consumer spending, with…

Savings ratio UK

Definition of Household savings ratio: The percentage of disposable income that is saved. (1)Total savings = Disposable income – Household consumptionUK Saving RatioLatest UK household savings ratio: Q1 2017 = 1.7% (July 2017) By contrast the average savings ratio in the past 54 years is 9.2% of disposable income.2017 has seen a dramatic fall in the UK savings ratio to a record low. This fall in the savings ratio has been caused byFall in real wages Depreciation in Sterling post-Brexit – pushing up cost of…

UK Housing Market

UK Housing Market

A look at the main UK housing market data.House prices Affordability of housing Interest rates Supply of housingHouse price inflationNationwide dataAnnual 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 decadesIn 1969, average house prices were: £4,312 In 1975, average house prices were:…

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…

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 yearsSource: ONS NPEN From 2007 to 2010 we see a 22% fall in private sector business investment. This was the result ofBanking crisis – banks didn’t want to lend Fall in consumer confidence Recession, which caused firms to hold bank from investmentRecovery in business investment since 2010From 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…

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 statisticsMy page with graphs Main ONS dataset Useful direct linksEconomic growth National income acc Real GDP | % quarterlyInflation inflation series CPI annual %Unemployment Labour market ILO %Current account b of p pnbp C.A % GDPBudget deficit psf at ONS | psf at HM T PSNB % GDPPublic sector debt psf at ONS PSND % GDPLabour productivity prdy dataset lab. prod. % changeSaving Ratio Nat.l inc. acc: J3 household…