Financial Indicators: Data from FTSE100, as well as oil prices and gold prices.
Documents to download
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Economic Indicators, September 2016 (658 KB, PDF)
A series of positive economic data in August and early September appeared to defy predictions of immediate Brexit gloom. Nevertheless, a lack of hard data on the state of the UK economy post-EU referendum coupled with forecasts for weak economic growth means caution is very much still in order.
Other data released in the last month indicate the economy was in good shape leading up to the referendum.
GDP Growth
GDP grew by 0.6% in real terms in Q2 2016 compared with the previous quarter. This was higher than growth of 0.4% in Q1 2016.
Labour market continues to perform well
The unemployment rate was 4.9% in April-June 2016, the lowest rate since 2005.
Fall in the value of Sterling
The value of the pound fell following the vote to leave the EU on 23 June. The Sterling Exchange Rate Index was 10% lower in August than in May 2016.
Documents to download
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Economic Indicators, September 2016 (658 KB, PDF)
Related posts
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Business and Consumer Confidence: Information on business and consumer confidence surveys, which is generally released ahead of official statistical data and can indicate changes to the economic outlook as well as turning points in the economic cycle.
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This is a purely statistical note on public sector borrowing (the budget deficit), public sector debt and government debt interest payments.
