Economic Indicators, March 2011

This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. Revisions to Q4 2010 GDP showed the economy had contracted more sharply than first thought, -0.6% compared with an initial figure of -0.5%. In addition, unemployment remains stuck around 2.5 million and average earnings are growing at around half the rate of inflation. Other indicators are more positive. The manufacturing sector is growing strongly, business sentiment is improving and retail sales recovered in January.
[Article: ‘Lending to small businesses’ and ‘The UK’s aid programmes – where is the money going?’]