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Economic Review, March 2007

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  • Anis Chowdhury

    (Office for National Statistics)

Abstract

Monthly review of economic and labour market trends in the UK.GDP continued to grow robustly in 2006 quarter four, driven mainly by the services sector,with little contribution from manufacturing output. On the expenditure side in 2006 quarterfour, robust business investment continues to drive growth, supported by a pick in householdspending. As a reflection of the UK's dynamic domestic demand profile and unfavourableexchange rate position the trade deficit widened in 2006 quarter four. The Labour Marketexhibited signs of improvement in quarter four, but average earnings remain subdued. Thepublic sector finances improved in January 2007. Consumer and producer output priceinflation fell in January 2007. Economic & Labour Market Review (2007) [1], 6–13; doi:10.1057/palgrave.elmr.1410037

Suggested Citation

  • Anis Chowdhury, 2007. "Economic Review, March 2007," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 1(3), pages 6-13, March.
    • Handle: RePEc:pal:ecolmr:v:1:y:2007:i:3:p:6-13
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