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News Tag: ONS

November 23, 2011

Incomes fall 3.5% for UK households

by Jan Harris
Incomes fall for UK households
A combination of high inflation and low earnings growth has caused the incomes of UK households to fall by 3.5 per cent in real terms according to the latest figures from the Office for National Statistics (ONS). The annual households earning survey found that the median salary for a full-time worker in the UK increased by 1.4 per cent in 2011, ...




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 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 ...




August 30, 2011

UK Q2 economic growth figures unchanged, US revised down

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has revealed the UK economy grew by 0.2% in the April to June period – unchanged from a previous estimate published last month. A third and final estimate will be available next month. However, growth for the second quarter slowed from the 0.5% growth posted in the first quarter. On an annual basis, meanwhile, there ...




August 19, 2011

UK public sector borrowing lower than forecasts in July

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 £20 million in July – down from £3.5 billion in the same month a year ago. The figure was much lower than analysts’ expectations and was boosted by higher taxes and ...




August 18, 2011

ONS: UK retail sales grow just 0.2% in July

by Kay Mitchell
”ONS:
The Office for National Statistics (ONS) has today revealed UK retail sales grew by just 0.2% last month – slightly less than the 0.3% expected by analysts. The slight gain was much slower than the 0.8% increase the previous month as households continue to be squeezed by higher inflation, rising unemployment and sluggish wage growth. According to the ...




August 17, 2011

UK unemployment rate and claimant count up

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK unemployment rose in the three months to June. The ONS said unemployment rose by 38,000 in the three month period to 2.49 million. The latest figures take the unemployment rate from 7.7% to 7.9%. Economists had expected the rate to stay flat at 7.7% Meanwhile, the number of Britons claiming jobseeker’s allowance ...




August 16, 2011

UK inflation jumps to 4.4% in July

by Kay Mitchell
”UK
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.4% last month after easing to 4.2% in June. Analysts had expected the figure to rise slightly to 4.3%. Higher inflation continues to be led by rising food costs – which grew by 6.2% in July, while clothes prices increased by 3.1% - the most ...




August 9, 2011

UK trade deficit widens in June

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed the UK trade gap widened to £8.8 billion in June – the biggest deficit since December 2010 and higher than expectations of £8.1 billion. The figures come on the same day the ONS revealed UK factory output fell by 0.4% in June after rising by 1.8% in May. The reading surprised economists who had ...