22 October 2018
ONS identified a processing error that caused Households Individual consumption expenditure (ABJQ) to be incorrect in the quarterly, current price, seasonally adjusted data for 1985 Q1 to 1986 Q4 published in tables 1.1.2, 6.2.6 and 6.2.12. This also affected Household Final Consumption Expenditure per head (CRXO) in table 1.1.5. The update has resulted in a small error to households’ gross saving of -0.01% which will be corrected in Blue Book 2019.
A related issue was identified in table 6.2.12 for Household final consumption expenditure by purpose and goods and services for 1985 Q1 to 1996 Q4. The affected series were all current price, seasonally adjusted, quarterly data.
We have corrected these errors. The affected growth rates have also been corrected.
You can see all previous versions of this data on the previous versions page. We apologise for any inconvenience. The UK Economic Accounts release for Quarter 2 (Apr-Jun) 2018 contained pensions estimates that were affected by a misallocation of certain data from the private sector to the public sector in 2017 (and, very slightly, in Quarter 1 (Jan-Mar) 2018). This was due to an operational issue that has now been resolved. The series directly impacted were ‘Other social insurance benefits’ for households and financial corporations, with the largest impact of £800m in Quarter 3 (Jul-Sep) 2017, or approximately 2-4% of the actual size of the series directly affected. There are small indirect impacts on households’ disposable income, households’ pension entitlements and the alternative measure of the savings ratio, but no impacts on the overall households’ savings ratio or households’ net borrowing. The estimates will be corrected in the next publication of UK Economic Accounts on 21 December 2018. We apologise for any inconvenience caused.
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9 October 2019
A processing error was discovered in the historical data (1990 to 1997) within the following outputs:
- Table 1.1.6 of the UK Economic Accounts publication
- Tables AA, AE, B1 and B2 and GDP(O) low-level aggregates of the quarterly national accounts publication
- the time series datasets associated with these publications
This error affected the industry breakdown of output gross value added (GVA) for these years, but the totals were correct.
Please note that top level estimates of gross domestic product (GDP) are unaffected by this error.
This error has now been corrected.
We apologise for any inconvenience caused.
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10 October 2019
A processing error was discovered in the historical data (1990 to 1997) within the following outputs:
- Table 1.1.6 of the UK Economic Accounts publication
- Tables AA, AE, B1 and B2 and GDP(O) low-level aggregates of the quarterly national accounts publication
- the time series datasets associated with these publications
This error affected the industry breakdown of output gross value added (GVA) for these years, but the totals were correct.
Please note that top level estimates of gross domestic product (GDP) are unaffected by this error.
This error has now been corrected.
We apologise for any inconvenience caused.
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31 October 2019
31 October 2019
UK Economic Accounts table 1.1.12 (Consumption of fixed capital): Due to system issues, ONS were unable to publish quality assured capital consumption data for 2018 and 2019 for the Non-financial corporations, Financial corporations and Households and Non-profit institutions serving households sectors at the time of publication. Updated data now shown in this table for 2018 and 2019 have been reviewed and are now fully consistent with the Quarterly National Accounts publication.
31 October 2019
An error has been identified within the Trade in Services by country split and impacts tables B6, B6A, B6B, B6B_2, B6B_3, B6C, B6C_2, B6C_3 within the ‘UK Economic Accounts: balance of payments - current account’ publication tables as well as the corresponding time series. This was caused by a processing error within Trade and does not affect the whole world totals for Trade and the current account. This error has resulted in the below annual impacts: Trade in services for Russia; exports, imports and balance for 2015 and will indicatively increase by £1.0 billion for exports, £0.3 billion for imports and £0.7 billion for the balance. This will also impact total trade in goods and services and the total current account for Russia. Trade in services for USA, exports and balance for the years 2010 to 2018 and has indicative average change of £0.4 billion per year for exports and balance. This will also impact total trade in goods and services and the total current account for the USA. Trade in services for Hong Kong, exports and balance for 2012 and will indicatively decrease by £0.4 billion for exports and balance. This will also impact total trade in goods and services and the total current account for Hong Kong. Smaller impacts will also be seen for the other countries noted within these tables alongside the EU and EMU within the time period 1999 to 2018 for trade in services, total trade in goods and services and the total current account by country. Total trade in services and all other data in this release is not affected. The data has now been corrected we apologise for the inconvenience.
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