Dataset(s): UK Economic Accounts: main aggregates

We have identified and corrected an error relating to several gross fixed capital formation series for the time period 1987 to 1996 in the Quarter 2 (Apr to June) 2023 release. The series affected are as follows - - DFDK: Dwellings - DLXI: ICT equipment and other machinery and equipment - DLXP: Intellectual property products We apologise for any inconvenience caused.

Because of processing issues, the calculation of the statistical discrepancy of net lending (+) and net borrowing (-) between financial and capital accounts was not calculated correctly for the time period 1987 to 1997 in the Quarter 2 (Apr to June) 2023 release. This has now been rectified and the tables and data are now available. The series affected are as follows. - NYVK: United Kingdom (S1) - NYOY: Financial corporations except monetary financial institutions and insurance corporations and pension funds (S124 to S127) - NYPB: Insurance corporations and pension funds (S128 & S129) - NYOX: Financial corporations (S12) - NZDW: Central government (S1311) - NYOZ: General government (S13) - NYPA: Households (S14) - NYPH: Non-profit institutions serving households (S15) - NZDV: Households and Non-profit institutions serving households (S14 and S15) All series are £million. current price, not seasonally adjusted We apologise for any inconvenience caused.

Due to system issues some Gross Fixed Capital Formation series within the UK Economic Accounts published on the 30th September 2022 were populated with zeroes in the back-history where no data values are available. The following series have been amended annually pre-1987 and quarterly pre-1997: L62N, L62L, L62K & EQDN.

A publication error occurred during the publication of the 2021 Quarter 2 reference table. A number of series were not updated and copied across into the reference tables correctly. No other series were affected by this processing error.

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.

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.

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. 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.

ONS identified that a publication error caused the total change in inventories series (ABMQ) for 1997 and 1997 Q1 to appear incorrectly in tables 1.1.2 and 1.1.9 within the United Kingdom Economic Accounts (UKEA) published 29 June 2018. The series Other Industries (DLWV), which appears within table 1.1.9 only, was likewise affected for the same periods. Both of these series have now been updated from their previous incorrect value of -£1,800 million to £0 million. Additionally, the following Gross Fixed Capital Formation series showed incorrect values within table 1.1.8 within the UKEA published 29 June 2018, for the years 1987 to 1996 only: DLWJ – Transport Equipment DLWM – ICT equipment and other machinery and equipment EQDN – General Government EQDT – Intellectual property products L62K – Private Sector – Dwellings L62L – Private Sector – Costs of transfer of ownership of non-produced assets L62M – Public Corporations – Dwellings L62N – Public Corporations – Costs of transfer of ownership of non-produced assets These series have now been updated with growth for these series unchanged from that previously reported on 29 June 2018 for the years affected. These issues only impact the values in tables 1.1.2, 1.1.8 and 1.1.9 and do not impact any aggregations dependant, including GDP. ONS apologises for any inconvenience this may have caused. For any further information please contact GCF@ons.gov.uk.

A processing error has been identified in the presentation of the total final consumption expenditure implied deflator (CDID YBGA - Table 1.1.2). Data presented previously related to the households final consumption expenditure implied deflator. This error has been corrected in the United Kingdom Economic Accounts published on 31 March 2017. No other series are impacted by this error. We apologise for any inconvenience.

Quarterly growth rates for real household disposable income (RHDI) per head Errors have been identified in the quarterly growth rates for real household disposable income (RHDI) per head in Table 1.1.5. Data from 1955 to 2015 are affected, impacting the following two series; DU8Y Real disposable income at chained volume prices, percentage change, latest quarter on previous quarter DU8Z Real disposable income at chained volume prices, percentage change, latest quarter on corresponding quarter of previous year These errors have now been corrected. No other series have been affected. ONS apologises for any inconvenience caused.