I2221

A minor processing error has been identified and corrected in the current account balance as a percentage of GDP data. The error affected 2017 and 2018 quarters up to and including 2018 Q3. The error was due to a processing issue and did not affect the underlying current account balance or GDP estimates or any other outputs within the release.

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.

A minor error has been identified in Switzerland service exports. The error fed through to the below series and affects 2017 (quarters and annual) and Quarter 1 (Jan to Mar) 2018. The error was due to a processing issue and does not affect any other outputs within the release. All affected series have now been corrected. D38G in table B6B, Switzerland services exports, seasonally adjusted, D38F in table B6B, Switzerland goods and services exports, seasonally adjusted, D3N5 in table B6B, Switzerland total credits, seasonally adjusted, D39A in table B6B_3, Switzerland services balances, seasonally adjusted, D399 in table B6B_3, Switzerland goods and services balances, seasonally adjusted, D3N7 in table B6B_3, Switzerland current account balances, seasonally adjusted, FYVU in table B6C, Switzerland services exports, not seasonally adjusted, LGIL in table B6C, Switzerland goods and services exports, not seasonally adjusted, LEOY in table B6C, Switzerland total credits, not seasonally adjusted, GGRO in table B6C_3, Switzerland services balances, not seasonally adjusted, LGMV in table B6C_3, Switzerland goods and services balances, not seasonally adjusted, LEPA in table B6C_3, Switzerland current account balances, not seasonally adjusted

A small error occurred in the UK Economic Accounts time series dataset due to incorrect data being published.

We have corrected this error. You can see all previous versions of this data on the previous versions page.

We apologise for any inconvenience.