Economic Review, November 2008

Anis Chowdhury
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Anis Chowdhury: Office for National Statistics

Economic & Labour Market Review, 2008, vol. 2, issue 11, 6-14

Abstract: Monthly review of economic and labour market trends in the UK.GDP output contracted in 2008 quarter three - driven by negative growth in services, manufacturing and construction output. On the expenditure side, household spending and business investment showed a weak position in the second quarter. The current account deficit widened in quarter three, whilst the goods trade deficit narrowed slightly. The labour market showed further signs of weakening in 2008 quarter three; average earnings remain relatively subdued. Public sector finances deteriorated in September 2008. Consumer price inflation increased further in September 2008 and was considerably above the Government’s inflation target. Producer output and input price inflationary pressures persisted in quarter three. Economic & Labour Market Review (2008) 2, 6–14; doi:10.1057/elmr.2008.164

Date: 2008
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