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25th of July 2011
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News Tag: Office for National Statistics

July 21, 2011

UK public sector borrowing higher than forecasts in June

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK public sector borrowing rose last month. According to the ONS, public sector net borrowing rose to £14 billion last month compared with £13.6 billion June 2010. The figure was higher than analysts’ expectations and was attributed to a fall in income tax receipts. The figure excludes financial intervention such ...




ONS: UK retail sales post modest rise in June

by Kay Mitchell
”ONS:
Early summer sales on the High Street have led to a modest rise in retail sales, the Office for National Statistics (ONS) said today. According to the ONS, like-for-like sales excluding petrol rose 0.8% in May, while they were 0.2% higher on an annual basis due to heavy discounting. The figures were broadly in line with expectations. The monthly ...




July 13, 2011

UK unemployment rate holds steady at 7.7%

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK unemployment fell further in the three months to May. The ONS said unemployment fell by 26,000 in the three month period to 2.45 million. The latest figures means the unemployment rate remained flat at 7.7%. However, the number of Britons claiming jobseeker’s allowance (JSA) surged in June, by 24,500, to 1.52 million ...




July 12, 2011

UK trade deficit widens in May

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed the UK’s trade deficit widened in May to £8.48 billion from a revised £7.6 billion in April. The figures surprised economists who had expected the trade gap to narrow to £7.3 billion. Meanwhile, the ONS said exports rose by 4.2% on a monthly basis to £25.4 billion, while imports were 5.7% higher on ...




UK inflation eases to 4.2% in June

by Kay Mitchell
”UK
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) unexpected fell to annual rate of 4.2% last month from May’s 2½-year high of 4.5%. Analysts had expected the figure to remain at 4.5%. However, the figure remains more than double the target of 2% and has been above this level since December 2009 and is expected to remain above ...




July 8, 2011

Factory gate inflation surges in June

by Kay Mitchell
”Factory
The Office for National Statistics (ONS) has today revealed UK producer output prices surged in June to their highest level since October 2008. According to the ONS, output prices (factory gate) annual inflation for all manufactured products grew by 5.7% in June – slightly higher than forecasts of a 5.6% rise and the biggest annual rise in over 2½ years. Meanwhile, input prices ...




July 7, 2011

UK manufacturing output recovers in May

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK industrial output grew at its fastest rate since March 2010 last month after plunging in April due to the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain. April’s fall represented the biggest since August 2009. However, output rose 1.8% in May exceeding forecasts of a ...




June 29, 2011

UK service sector output contracts in April

by Kay Mitchell
”UK
Figures from the Office for National Statistics (ONS) have today revealed output in the UK’s closely-watched service sector dived in April. According to the ONS, service sector output contracted by 1.2% in April on a monthly basis – the biggest fall since January 2010 – when the country was hit by a severe snowfall. However, April’s fall was attributed to the ...




June 28, 2011

UK Q1 economic growth figures remain unchanged

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.5% in the January to March period – unchanged from the previous two estimates. In the meantime, annual growth was revised down to 1.6% from 1.8%. The growth, albeit slow, expanded primarily due to exports, with net trade contributing 1.4% points to growth – the highest in ...




June 21, 2011

UK borrowing falls in May

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK public sector borrowing fell slightly last month. According to the ONS, public sector borrowing fell to £15.15 billion last month compared with £16.46 billion in May last year. The figure was lower than analysts’ expectations of £15.75 billion and was attributed to an increase in taxes – which includes the VAT rise in ...




June 16, 2011

ONS: UK retail sales fall in May

by Kay Mitchell
”ONS:
Higher prices at the petrol pumps and economic uncertainty has led to a fall in UK retail sales for the month of May, according to the Office for National Statistics (ONS) today. The ONS said retail sales dived 1.4% last month, reversing the strong rise seen in April due to the late bank holidays, good weather and Royal Wedding. Last week, the ...




June 15, 2011

UK unemployment rate holds steady at 7.7%

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK unemployment fell further in the three months to April. The ONS said unemployment fell by 88,000 in the three month period to 2.430 million – the biggest fall since August 2000. The latest figures means the unemployment rate remained flat at 7.7%. However, the number of Britons claiming jobseeker’s allowance (JSA) ...




June 14, 2011

UK inflation remains at 2½-year high in May

by Kay Mitchell
”UK
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) held steady at an annual rate of 4.5% in May – the highest level since October 2008. However, the figure was in line with forecasts and high inflation has been attributed to rising energy and food prices. Today’s figures mean inflation continues to be well above the target of ...




June 10, 2011

UK industrial output falls more than expected in April

by Kay Mitchell
”UK
The Office for National Statistics has today revealed UK industrial output fell 1.7% in April – confounding expectations of a 0.1% rise. The fall was attributed to the extra bank holiday for the Royal Wedding and the impact of Japan’s earthquake and tsunami, which disrupted the supply chain. The fall represented the biggest since August 2009. Meanwhile, the narrower measure of ...




June 9, 2011

UK trade deficit narrows in April

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed the UK’s trade deficit narrowed more than expected in April – attributed to a sharp fall in consumer goods. According to the ONS, the global goods trade gap narrowed to £7.38 billion in the month from £7.70 billion in March – lower than the £7.55 billion expected by analysts. Meanwhile, the goods trade ...




May 25, 2011

UK Q1 economic growth figures remain unchanged

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed the UK economy grew by 0.5% in the January to March period – unchanged from the first estimate last month. The figure is in line with market forecasts but is behind Chancellor George Osborne’s forecast of 0.8%. The reading suggests the recovery of the UK economy remains sluggish as households remain under pressure ...




May 24, 2011

UK borrowing higher than forecast in April

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK public sector borrowing was higher than expected last month, due to a decline in tax receipts. According to the ONS, public sector borrowing was £10 billion in April, compared with £7.3 billion last year. Last year’s figure was boosted by £3.5 billion by the tax on bankers’ bonuses. The figure was ...




May 19, 2011

ONS: Retail sales rise in April

by Kay Mitchell
”ONS:
The long bank holiday weekends and sunny weather has led to a rise in retail sales for the month of April, according to the Office for National Statistics (ONS) today. The ONS said retail sales grew 1.12% last month due to the late Easter holidays, hot weather and Royal Wedding, with clothing, footwear and food selling well. The rise represented the biggest for ...




May 18, 2011

UK unemployment rate falls further to 7.7%

by Kay Mitchell
UK unemployment rate falls further to 7.7%
The Office for National Statistics (ONS) has today revealed UK unemployment fell further in the three months to March. The ONS said unemployment fell by 36,000 in the three month period to 2.46 million. The latest figures means the unemployment rate has fallen to 7.7% from 7.8% in February. In the meantime, the number of Britons claiming jobseeker’s allowance (JSA) rose in April, ...




May 17, 2011

UK inflation soars to 2½-year high in April

by Kay Mitchell
UK inflation soars to 2½-year high in April
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) surged to an annual rate of 4.5% in April – a level not seen since October 2008 and higher than forecasts of a rise to 4.2%. The surprise surge in inflation comes after the rate dropped to 4% in March and was attributed to soaring travel costs around the ...




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