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Release: Second Estimate of GDP, Quarter 2 (Apr to June) 2015

Released: 28 August 2015 (Latest) Next edition: 30 September 2015

Contact

Matthew Hughes

GDP co-ordination branch

gdp@ons.gsi.gov.uk

Telephone: +44 (0)1633 45 5827

Categories: Economy, National Accounts, National Income, Expenditure and Output

Frequency of release: Quarterly

Language: English

Geographical coverage: UK

Geographical breakdown: UK

Correction

Friday 28 August, 2015 9:30

As previously announced 24 June 2015, an error has been identified in the estimate of expenditure on Narcotics within Household Final Consumption Expenditure. Data from 1997 to the latest period are affected for series' ABJR, UTIF, UTIH, UTIJ, UTIL, ZAKV, ZAKW, ZAKX and ZAKY. Higher level aggregates including Gross Domestic Product are also affected, and details of the impact on current price GDP up to 2010 have been provided in an article. Further impacts for later years will be provided for Chained Volume Measure estimates and more recent periods during July and August, and the revised figures will be published within the National Accounts on 30 September 2015. In the meanwhile users of these series are advised to check with ONS before using these series.

ONS apologises for any inconvenience this may cause.

Friday 28 August, 2015 9:30

As previously announced 24 June 2015, an error has been identified in the estimate of insurance industry output within Financial Corporations Output. Data from 2009 to the latest period are affected for series' NHCZ, ROZQ, IKBB and RPQM. Higher level aggregates including Gross Domestic Product are also affected, and details of the impact on current price GDP up to 2010 have been provided in an article article. Further impacts for later years will be provided for Chained Volume Measure estimates of GDP and more recent periods during July and August, and the revised figures will be published within the national Accounts on 30 September 2015. In the meanwhile users of these series are advised to check with ONS before using these series.

ONS apologises for any inconvenience this may cause.

Key points

The key points from this release are:
  • UK GDP in volume terms was estimated to have increased by 0.7% between Quarter 1 (Jan to Mar) 2015 and Quarter 2 (Apr to June) 2015, unrevised from the previous estimate of GDP published 28 July 2015. 

  • GDP was estimated to have increased by 3.0% in 2014, compared with 2013, unrevised from the previously published estimate. 

  • Between Quarter 2 2014 and Quarter 2 2015, GDP in volume terms increased by 2.6%, unrevised from the previously published estimate. 

  • GDP in current prices was estimated to have increased by 0.7% between Quarter 1 2015 and Quarter 2 2015.

  • GDP per head in volume terms was estimated to have increased by 0.5% between Quarter 1 2015 and Quarter 2 2015.  Between 2013 and 2014, GDP per head increased by 2.3%. 

A detailed breakdown of the components of GDP as well as key sector accounts aggregates.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

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