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News Tag: Office for National Statistics

November 22, 2012

Real value of pay falls in UK

by Jan Harris
Real value of pay falls in UK
The average annual earnings of full-time UK workers increased by 1.4 per cent to £26,500 in the year to April 2012, according to the latest figures from the Office for National Statistics (ONS). However, with inflation at 3.5 per cent during this period, the figures represent a fall in the value of pay in real terms. Workers in Northern Ireland saw ...




November 13, 2012

Inflation increases to 2.7%

by Jan Harris
Inflation increases to 2.7%
A combination of higher tuition fees and food prices pushed the inflation rate up to 2.7 per cent last month, according to the latest figures from the Office for National Statistics (ONS). Inflation on the Consumer Prices Index (CPI) increased to 2.7 per cent from 2.2 per cent in September, while the Retail Prices Index (RPI) measure of inflation, which includes housing costs, ...




October 26, 2012

UK economy leads Europe

by Jan Harris
UK economy leads Europe
The UK economy emerged from recession yesterday and now leads the way in Europe according to research group Capital Economics. Gross Domestic Product (GDP) grew by one per cent in the third quarter from July to September, the biggest rise for five years, the latest official figures from the Office for National Statistics (ONS) show. Olympic ticket sales are believed to have contributed 0.2 ...




March 20, 2012

Inflation rate falls to 3.4%

by Jan Harris
Inflation rate falls to 3.4%
The latest official figures from the Office for National Statistics (ONS) show that inflation fell to 3.4 per cent in February, from 3.6 per cent in the previous month, according to the Consumer Prices Index (CPI). Using the Retail Prices Index (RIP) measurement, which includes housing costs such a mortgage interest and council tax, inflation fell to 3.7 per cent from 3.9 per ...




November 15, 2011

Inflation falls to 5%

by Jan Harris
Inflation falls to 5%
Inflation fell to 5 per cent in October helped by a price war between major supermarkets, with food and petrol prices being slashed as they competed with each other. The latest figures from the Office for National Statistics show a 5 per rise in the consumer-price index in the 12 months to October, compared with a rise of 5.2% in September. The rate ...




November 8, 2011

Manufacturing sector shows modest recovery

by Jan Harris
Manufacturing sector shows modest recovery
Official figures from the Office for National Statistics show a 0.2 per cent in UK manufacturing output in September, the first increase in four months. Compared with a year ago, factory output in September grew 2 per cent. However the figure excludes oil and gas, and mining, and when these sectors are taken into account, industrial output remained unchanged. The British Chambers ...




November 1, 2011

UK third quarter GDP surprises

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed the UK economy expanded by a better-than-expected 0.5% in the July to September period. This compares with a 0.1% growth rate for the second quarter and was better than the 0.3% expected by most economists. The better performance was attributed to production sector output, which rose 0.5% in the three month period, versus a 1.2% ...




October 29, 2011

Occupational pension contributions fall to 54-year low

by Kay Mitchell
”Occupational
According to a report by the Office for National Statistics (ONS), the number of people paying into an occupational pension has slumped to a level not seen since 1956. Last year, there were 8.3 million people contributing to an occupational pension (3 million in the private sector and 5.3 million in the public sector). This represented the lowest figure for 54 years ...




October 21, 2011

UK Public Sector Borrowing lower than expected in September

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK public sector net borrowing fell last month. According to the ONS, public sector net borrowing came in at a lower than expected £14.1 billion in September, boosted by tax receipts. Analysts had expected borrowing to total £14.5 billion. Furthermore, the ONS revised down the borrowing figure for August by £2 billion ...




October 20, 2011

ONS: UK retail sales up 0.6% in September

by Kay Mitchell
”ONS:
The Office for National Statistics (ONS) has today revealed UK retail sales beat forecasts in September, led by spending on electrical goods such as laptop computers. According to the Statistics Office, sales rose by 0.6% last month, reversing the 0.4% fall in August. Furthermore, the figure was 0.6% higher on an annual basis. Retail sales have been struggling over recent times as ...




October 18, 2011

UK inflation surges to 5.2% in September

by Kay Mitchell
”UK
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) accelerated to annual rate of 5.2% last month from August’s rate of 4.5%. The rate represented the highest since September 2008 and it has never exceeded this rate since the CPI measure was first calculated in 1997. Higher inflation continues to be led by rising energy costs. The ONS said in ...




October 12, 2011

UK unemployment soars to 17-year high

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK unemployment rose sharply in the three months to August – rising to a 17-year high. The ONS said unemployment rose by 114,000 in the three month period to 2.57 million, taking the unemployment rate to 8.1% - higher than forecasts. In comparison, unemployment in the US stands at 9.1%, Japan’s unemployment rate is ...




October 11, 2011

Weak UK factory output suggests poor start to Q3

by Kay Mitchell
”Weak
The Office for National Statistics (ONS) has today revealed UK factory output fell 0.3% in August on a monthly basis. The reading was worse than economists had expected and confirm weak prospects for the economy after the figures suggest a poor start to the third quarter. On an annual basis, meanwhile, factory output was 1.5% higher – representing the weakest ...




October 7, 2011

Factory gate inflation rises, driven by higher fuel costs

by Kay Mitchell
”Factory
The Office for National Statistics (ONS) has today revealed UK producer output prices rose in September – driven by higher fuel and food costs. The increase will no doubt raise concern about whether consumer price inflation will slow next year as sharply as the Bank of England is forecasting. According to the ONS, output prices (factory gate) annual inflation for ...




September 21, 2011

UK Public Sector Borrowing higher than expected in August

by Kay Mitchell
“UK
The Office for National Statistics (ONS) has today revealed UK public sector net borrowing rose last month. According to the ONS, public sector net borrowing came in at a higher than expected £15.9 billion in August - a rise of £1.9 billion from a year ago and represented the highest for the month of August since records began ...




September 15, 2011

ONS: UK retail sales fall 0.2% in August

by Kay Mitchell
”ONS:
The Office for National Statistics (ONS) has today revealed UK retail sales fell by 0.2% in August after riots earlier in the month affected trade. The fall followed slower growth in the previous two months after sales rose just 0.2% in July and 0.8% in June. In the meantime, food sales were also down – an area which has not particularly ...




September 14, 2011

UK unemployment up to 2.51 million

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK unemployment rose sharply in the three months to July – the biggest rise in almost two years. The ONS said unemployment rose by 80,000 in the three month period to 2.51 million – far higher than the 70,000 expected by economists. The latest figures take the unemployment rate to 7.9% - however, ...




September 13, 2011

UK inflation edges higher in August

by Kay Mitchell
”UK
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.5% last month from July’s rate of 4.4%. However, the figure was in line with analysts’ expectations. Higher inflation continues to be led by rising food costs but the main reason behind last month’s rise was a 5.1% annual increase in the housing, water, electricity ...




September 9, 2011

Factory gate inflation higher than expected in August

by Kay Mitchell
”Factory
The Office for National Statistics (ONS) has today revealed UK producer output prices held steady in August – remaining at the highest annual rate since October 2008. According to the ONS, output prices (factory gate) annual inflation for all manufactured products held steady at July’s upwardly revised reading of 6.1% in August. The figures were a surprise to analysts who had ...




September 7, 2011

Weak UK factory output suggests poor start to Q3

by Kay Mitchell
”Weak
The Office for National Statistics (ONS) has today revealed UK factory output shrank by 0.2% in July after a flat reading the previous month. The reading was worse than economists had expected and confirm weak prospects for the economy after the figures suggest a poor start to the third quarter. The fall was attributed to a large drop in oil ...