Download the full Europe Daily Briefing U.K. GDP fell 0.3% quarter over quarter in the fourth quarter, deepening from the 0.1% decline in the third quarter. The U.K. is in a technical recession, defined as at least two consecutive quarters of contracting activity. Weighed down by high inflation and restrictive monetary policy, the U.K. is the only G-7 nation to have dipped into a technical recession at the end of 2023. But it’s complicated:...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2023 Q4 | 528.56 | 525.75 | Bil. EUR, CDASA | Quarterly |
Real Private Consumption | 2023 Q4 | 106.78 | 106.88 | Ch. Vol. Index 2015=100, NSA | Quarterly |
Real Government Consumption | 2023 Q4 | 121.26 | 116.81 | Ch. Vol. Index 2015=100, NSA | Quarterly |
Government Consumption | 2023 Q4 | 227.31 | 226.56 | Bil. EUR, CDASA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 1,053 | 1,032 | Bil. EUR, CDASA | Quarterly |
Investment | 2023 Q4 | 251.86 | 232.67 | Bil. EUR, CDASA | Quarterly |
Real Investment | 2023 Q4 | 122.06 | 107.34 | Ch. Vol. Index 2015=100, NSA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 107.68 | 107.99 | Ch. Vol. Index 2015=100, CDASA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2008 | 489,610 | 470,440 | ******* | Annual |
Real Fixed Investment (gross fixed capital formation) | 2008 | 482,001 | 468,174 | ******* | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Producer Price Index (PPI) | Feb 2024 | 126.9 | 127.6 | Index 2021=100, CDASA | Monthly |
Wholesale Price Index | Feb 2024 | 131.5 | 132 | Index 2015=100, CDASA | Monthly |
Consumer Price Index (CPI) | Feb 2024 | 118.2 | 118.2 | Index 2020=100, CDASA | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Unemployment | Mar 2024 | 2,719 | 2,714 | Ths. #, CDASA | Monthly |
Unemployment Rate | Mar 2024 | 5.9 | 5.9 | %, CDASA | Monthly |
Labor Force Employment | Feb 2024 | 46,070 | 46,054 | Ths. #, CDASA | Monthly |
Total Employment | Feb 2024 | 46,070 | 46,054 | Ths. #, CDASA | Monthly |
Primary Industries Employment | 2023 Q4 | 537 | 576 | Ths. #, NSA | Quarterly |
Wage & Salaries | 2022 | 1,665,852 | 1,566,537 | Mil. EUR | Annual |
Labor Force | 2022 | 43,905,075 | 42,960,625 | # | Annual |
Agriculture Employment | 2017 | 558,630 | 566,293 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Imports of Goods | Jan 2024 | 103,761 | 94,004 | Mil. DEM/Mil. EUR, NSA | Monthly |
Balance of Goods | Jan 2024 | 29.81 | 25.49 | Bil. DEM/Bil. EUR, CDASA | Monthly |
Current Account Balance | Jan 2024 | 29.24 | 22.93 | Bil. DEM/Bil. EUR, CDASA | Monthly |
Exports of Goods | Jan 2024 | 129,414 | 111,498 | Mil. DEM/Mil. EUR, NSA | Monthly |
Exports of Goods and Services | 2023 Q4 | 479.56 | 482.46 | Bil. EUR, CDASA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 121.91 | 121.46 | Ch. Vol. Index 2015=100, NSA | Quarterly |
Net Exports | 2023 Q4 | 45.31 | 47.42 | Bil. EUR, CDASA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 434.25 | 435.04 | Bil. EUR, CDASA | Quarterly |
Real Exports of Goods and Services | 2023 Q4 | 113.29 | 110.66 | Ch. Vol. Index 2015=100, NSA | Quarterly |
Government | Reference | Last | Previous | Units | Frequency |
Gross External Debt | 2023 Q4 | 6,109,215 | 6,046,544 | Mil. EUR, NSA | Quarterly |
Government Revenues | 2015 | 1,349,905 | 1,299,553 | Bil. EUR | Annual |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 26 Mar 2024 | 18,384 | 18,261 | Index, NSA | Daily |
Treasury Bills (over 31 days) | Feb 2024 | 3.43 | 3.28 | % p.a. | Monthly |
Average Long-term Government Bond | Feb 2024 | 2.51 | 2.24 | % p.a. | Monthly |
Lending Rate | 08 Oct 2008 | 4.25 | 4.25 | %, NSA | Daily |
Real Estate | Reference | Last | Previous | Units | Frequency |
House Price Index | Feb 2024 | 247.32 | 245.43 | Index August 2005=100, NSA | Monthly |
House Price Index for Existing Homes | Feb 2024 | 169.53 | 168.99 | Index August 2005=100, NSA | Monthly |
House Price Value for Existing Homes | Feb 2024 | 354,863 | 352,743 | Euros, NSA | Monthly |
Building Permits | Jan 2024 | 16,797 | 21,182 | #, NSA | Monthly |
Non-residential Building Permits | Jan 2024 | 4.07 | 4.23 | Bil. DEM/Bil. EUR, CDASA | Monthly |
House Price Index for New Homes | 2023 Q4 | 161.3 | 160.6 | Index 2015=100, NSA | Quarterly |
Residential Building Permits | 2022 | 110,659 | 129,306 | #, NSA | Annual |
Building Completions | 2022 | 192,744 | 192,055 | Number | Annual |
Dwelling Stocks | 2022 | 43,366 | 43,084 | Ths., NSA | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Feb 2024 | -14.3 | -17.3 | SA | Monthly |
Retail Sales | Dec 2023 | 111.3 | 126.4 | Vol. Index 2015=100, NSA | Monthly |
Personal Income | 2021 | 24,415 | 23,916 | EUR | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | Mar 2024 | 87.8 | 85.7 | Index 2015=100, SA | Monthly |
Industrial Production | Jan 2024 | 94.7 | 93.7 | Vol. Index 2021=100, CDASA | Monthly |
Capacity Utilization | 2023 Q4 | 81.9 | 82.9 | %, SA | Quarterly |
Real Change in Inventories | 2023 Q4 | 27.59 | 4.85 | Bil. EUR, CDASA | Quarterly |
Change in Inventories | 2023 Q4 | 27.59 | 4.85 | Bil. EUR, CDASA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Deaths | 2022 | 1,066,341 | 1,023,687 | # | Annual |
Births | 2022 | 738,819 | 795,492 | # | Annual |
Net Migration | 2022 | 1,462,089 | 329,163 | # | Annual |
Population | 2022 | 84,358 | 83,237 | Ths., NSA | Annual |
Birth Rate | 2020 | 9.3 | 9.4 | # per 1000 people | Annual |
Death Rate | 2020 | 11.9 | 11.3 | # per 1000 people | Annual |