AbstractSUMMARYThe Preliminary estimate of Gross Domestic Product (GDP) reports that the UK economy grew by 0.2 per cent in 2010 Q1 – slightly weaker than the previous quarter when GDP expanded by 0.4 per cent. Previous work looking at the coherence of ONS and Purchasing Managers' Index (PMI) data is updated, which shows that PMI is suggesting a stronger recovery in activity than official data. Although unemployment increased to 8.0 per cent in December–February 2010, the labour market has not weakened to the same extent as in the previous two recessions. Annual inflation in the Consumer Prices Index (CPI) picked up to 3.4 per cent in March, of which one‐and‐three‐quarters percentage points is estimated to be accounted for by the reversion in the rate of VAT to 17.5 per cent in January 2010.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Economic & Labour Market Review.
Volume (Year): 4 (2010)
Issue (Month): 5 (May)
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.