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Economic Review, September 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 2007 quarter two, driven mainly by the services sector and supported by an upturn in manufacturing output. On the expenditure side in 2007 quartertwo, business investment and household spending strengthened. The current account deficit narrowed in 2007 quarter one. The trade deficit narrowed in 2007 quarter two. The labourmarket remains buoyant but average earnings remains relatively subdued. The public sector finances position deteriorated in July 2007. Both consumer and producer price inflation fell inJuly, although it is clear that some upward pressure remains amongst producer prices. Economic & Labour Market Review (2007) [1], 6–14; doi:10.1057/palgrave.elmr.1410133

Suggested Citation

  • Anis Chowdhury, 2007. "Economic Review, September 2007," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 1(9), pages 6-14, September.
    • Handle: RePEc:pal:ecolmr:v:1:y:2007:i:9:p:6-14
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