Q1 GDP +0.3%

  • GDP increased by 0.3% in Q1 2013 compared with Q4 2012, subject to revisions of on average 0.36%.
  • GDP was 0.4% higher in Q1 2013 than in Q3 2011 and therefore has been broadly flat over the last 18 months.
  • Largest contribution to Q1 2013 GDP growth came from services; these industries increased by 0.6% contributing 0.47 % to the 0.3% increase in GDP.
  • Before the sharp fall in output in 2008 and 2009 the economy peaked in Q1 2008, the lowest level was in Q2 2009.
  • GDP fell 6.3% from peak to trough.
  • In Q1 2013 GDP was estimated to be 2.6% below the peak in Q1 2008.

No triple dip…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Jo Swinson on Chris Rennard…

“Vince — and Tim before him — have repeatedly, publicly said Rennard is not welcome anywhere near their frontbench team, even as an adviser. I remain deeply frustrated that he was not expelled from the party through its disciplinary process. It just feels wrong, and I do not want Lord Rennard to continue as a member of the party. As far as I am concerned, he is not welcome.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Tax Cuts in The Budget Tax Cuts in The Budget
Corbyn Goes Shouty Crackers Corbyn Goes Shouty Crackers
OBR: Hammond’s Budget Rabbit Will Increase House Prices OBR: Hammond’s Budget Rabbit Will Increase House Prices
Hammond’s Banter Budget: All The Jokes Hammond’s Banter Budget: All The Jokes
Watch: Corbyn’s Black Rod Message Backfires Watch: Corbyn’s Black Rod Message Backfires
Budget Pic Budget Pic
Putin: Alex Salmond is Not a Kremlin Propagandist Putin: Alex Salmond is Not a Kremlin Propagandist
Gilbert and George Come Out as Brexiteers Gilbert and George Come Out as Brexiteers
Rudd Missed Key Brexit Vote Last Night Rudd Missed Key Brexit Vote Last Night
Top Corbynista Compares Mugabe to Queen Top Corbynista Compares Mugabe to Queen
Owen, Piers, Guido Three-Way Owen, Piers, Guido Three-Way
EU Game Teaches Kids to “Collect More Taxes” EU Game Teaches Kids to “Collect More Taxes”
Kezia: I’m A Hypocrite, Get Me Out of Here Kezia: I’m A Hypocrite, Get Me Out of Here
Siemens to Cut European Jobs, Expand in UK Siemens to Cut European Jobs, Expand in UK
WATCH: DD Meets Cliff Edge WATCH: DD Meets Cliff Edge
Momentum Plot to Treble Council Tax For 15,000 Households in Bristol Momentum Plot to Treble Council Tax For 15,000 Households in Bristol
75% of European Medicines Agency Staff Want to Stay in London 75% of European Medicines Agency Staff Want to Stay in London
Newsnight’s Royal Farce Newsnight’s Royal Farce
MPs’ Security Costs Rise 1395% MPs’ Security Costs Rise 1395%
Just 12% of MPs Vote to Stay in Customs Union Just 12% of MPs Vote to Stay in Customs Union