Economic Review, June 2007

Anis Chowdhury
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Anis Chowdhury: Office for National Statistics

Economic & Labour Market Review, 2007, vol. 1, issue 6, 6-14

Abstract: Monthly review of economic and labour market trends in the UK.GDP continued to grow robustly in 2007 quarter one, driven mainly by the services sector, with little contribution from manufacturing output. On the expenditure side, business investment and household spending weakened. As a reflection of the UK's dynamic domestic demand profile and unfavourable exchange rate position, the trade deficit widened throughthe quarter. The current account deficit widened in 2006 quarter four. The labour market remains buoyant despite showing tentative signs of weakening; average earnings remain subdued. The public sector finances improved in April 2007. Consumer and producer output price inflation fell in April 2007. Economic & Labour Market Review (2007) [1], 6–14; doi:10.1057/palgrave.elmr.1410085

Date: 2007
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