Download the full Europe Daily Briefing The U.K. fourth-quarter GDP report stole the spotlight on Thursday but not for good reasons. The U.K. entered a technical recession—defined by at least two consecutive quarters of negative growth—after GDP fell 0.3% quarter over quarter in the fourth stanza, which came after a 0.1% decline in the third quarter. The results fell much below our, the consensus, and the Bank of England’s expectations;...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Real Private Consumption | 2023 Q4 | 34,407 | 33,935 | Mil. Ch. 2010/2015 EUR, SA | Quarterly |
Private Consumption | 2023 Q4 | 38,390 | 37,767 | Mil. EUR, SA | Quarterly |
Government Consumption | 2023 Q4 | 11,058 | 10,805 | Mil. EUR, SA | Quarterly |
Nominal Gross Domestic Product | 2023 Q4 | 55,666 | 55,457 | Mil. EUR, SA | Quarterly |
Real Government Consumption | 2023 Q4 | 9,808 | 9,594 | Mil. Ch. 2010/2015 EUR, SA | Quarterly |
Investment | 2023 Q4 | 7,628 | 7,989 | Mil. EUR, SA | Quarterly |
Real Investment | 2023 Q4 | 6,740 | 6,920 | Mil. Ch. 2010/2015 EUR, SA | Quarterly |
Nominal Fixed Investment (gross fixed capital formation) | 2023 Q4 | 7,628 | 7,989 | Mil. EUR, SA | Quarterly |
Real Gross Domestic Product | 2023 Q4 | 48,756 | 48,680 | Mil. Ch. 2010/2015 EUR, SA | Quarterly |
Real Fixed Investment (gross fixed capital formation) | 2023 Q4 | 6,740 | 6,920 | Mil. Ch. 2010/2015 EUR, SA | Quarterly |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Feb 2024 | 115.61 | 115.5 | Index 2020=100, NSA | Monthly |
Producer Price Index (PPI) | Jan 2024 | 137.96 | 136.78 | Index 2015=100, NSA | Monthly |
Wholesale Price Index | Dec 2004 | 110.42 | 109.93 | Index 2005=100 | Monthly |
Labor | Reference | Last | Previous | Units | Frequency |
Total Employment Non-Ag | Jan 2024 | 4,266 | 4,264 | Thousands, SA | Monthly |
Primary Industries Employment | 2023 Q4 | 491.9 | 481.3 | Ths. #, NSA | Quarterly |
Tertiary Industries Employment | 2023 Q4 | 3,008 | 3,095 | Ths. #, NSA | Quarterly |
Labor Force Employment | 2023 Q4 | 4,183 | 4,256 | Ths. #, NSA | Quarterly |
Total Employment | 2023 Q4 | 4,183 | 4,256 | Ths. #, NSA | Quarterly |
Unemployment Rate | 2023 Q4 | 10.5 | 10.8 | %, NSA | Quarterly |
Secondary Industries Employment | 2023 Q4 | 678.8 | 677.3 | Ths. #, NSA | Quarterly |
Labor Force | 2023 Q4 | 4,671 | 4,770 | Ths. #, NSA | Quarterly |
Unemployment | 2023 Q4 | 488.7 | 514.6 | Ths. #, NSA | Quarterly |
Wage & Salaries | 2023 Q4 | 19,354 | 19,228 | Mil. EUR, SA | Quarterly |
Agriculture Employment | 2017 | 591,868 | 607,088 | # | Annual |
Trade | Reference | Last | Previous | Units | Frequency |
Real Exports of Goods and Services | 2023 Q4 | 18,584 | 18,518 | Mil. Ch. 2010/2015 EUR, SA | Quarterly |
Exports of Goods and Services | 2023 Q4 | 24,272 | 24,830 | Mil. EUR, SA | Quarterly |
Real Imports of Goods and Services | 2023 Q4 | 21,810 | 21,404 | Mil. Ch. 2010/2015 EUR, SA | Quarterly |
Imports of Goods and Services | 2023 Q4 | 27,686 | 27,719 | Mil. EUR, SA | Quarterly |
Balance of Goods | Dec 2023 | -2,758 | -2,867 | Mil. EUR, NSA | Monthly |
Imports of Goods | Dec 2023 | 6,360 | 7,046 | Mil. EUR, NSA | Monthly |
Exports of Goods | Dec 2023 | 3,601 | 4,179 | Mil. EUR, NSA | Monthly |
Current Account Balance | Dec 2023 | -2,248 | -3,304 | Mil. EUR, NSA | Monthly |
Government | Reference | Last | Previous | Units | Frequency |
Gross External Debt | 2023 Q3 | 553,207 | 556,338 | Mil. EUR, NSA | Quarterly |
Outstanding Public Debt - Foreign | 2023 Q3 | 277,605 | 277,668 | Mil. EUR, NSA | Quarterly |
Government Budget Balance | 2023 Q3 | 1,279 | 892 | Mil. EUR, NSA | Quarterly |
Government Expenditures | 2023 Q3 | 25,759 | 27,244 | Mil. EUR, NSA | Quarterly |
Government Revenues | 2023 Q3 | 27,038 | 28,136 | Mil. EUR, NSA | Quarterly |
Outstanding Public Debt | 2022 | 356,256 | 353,489 | Mil. EUR | Annual |
Markets | Reference | Last | Previous | Units | Frequency |
Stock Market Index | 15 Mar 2024 | 1,422 | 1,417 | Index, NSA | Business Daily |
Money Market Rate | Jan 2024 | 0.03 | 0.03 | % p.a., NSA | Monthly |
Treasury Bills (over 31 days) | Dec 2023 | 3.7 | % p.a., NSA | Monthly | |
Average Long-term Government Bond | Nov 2018 | 4.42 | 4.37 | % p.a., NSA | Monthly |
Lending Rate | Sep 2011 | 2.93 | 3.23 | %, NSA | Monthly |
Real Estate | Reference | Last | Previous | Units | Frequency |
House Price Index | 2023 Q4 | 245.4 | 240.3 | Index 1997=100, NSA | Quarterly |
Building Permits | Nov 2023 | 2,489 | 2,494 | #, NSA | Monthly |
Building Completions | Nov 2023 | 1,047 | 1,032 | #, NSA | Monthly |
Residential Building Completions | Nov 2023 | 3,314 | 3,682 | #, NSA | Monthly |
Consumer | Reference | Last | Previous | Units | Frequency |
Consumer Confidence | Feb 2024 | -47.2 | -46.3 | SA | Monthly |
Real Retail Sales | Dec 2023 | 120.7 | 107.1 | Vol. Index 2015=100, NSA | Monthly |
Retail Sales | Dec 2023 | 147.7 | 130.9 | Index 2015=100, NSA | Monthly |
Personal Income | 2021 | 10,832 | 9,952 | EUR | Annual |
Business | Reference | Last | Previous | Units | Frequency |
Business Confidence | Feb 2024 | -4.4 | -1.6 | SA | Monthly |
Industrial Production | Jan 2024 | 116.52 | 123.3 | Index 2015=100, WDA | Monthly |
Capacity Utilization | 2023 Q4 | 75.9 | 76.3 | %, SA | Quarterly |
Change in Inventories | 2023 Q4 | 2,004 | 1,784 | Mil. EUR, SA | Quarterly |
Real Change in Inventories | 2023 Q4 | 1,328 | 1,572 | Mil. Ch. 2010/2015 EUR, SA | Quarterly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2023 | 10,413 | 10,461 | Ths. # | Annual |
Births | 2022 | 76.1 | 85.35 | Ths. #, NSA | Annual |
Deaths | 2022 | 140.8 | 143.92 | Ths. #, NSA | Annual |
Net Migration | 2017 | 49,996 | # | Annual | |
Death Rate | 2016 | 11 | 11.2 | # per Ths. pop. | Annual |
Birth Rate | 2014 | 8.5 | 8.6 | # per Ths. pop. | Annual |