Pic: Adobe Stock The quarterly path of real GDP at an aggregate level is unchanged from Q1 2023 to Q1 2024. However, there have been downward revisions of 0.1 percentage point in Q2 and Q3 2024.
UK real GDP is estimated to have shown no growth in Q3 2024, revised down from the first estimate of a 0.1-per cent rise, the Office of National Statistics said. The quarterly path of real GDP at an aggregate level is unchanged from Q1 2023 to Q1 2024. However, there have been downward revisions of 0.1 percentage point in Q2 and Q3 2024. A 0.4-per cent fall in production was recorded in Q3 2024.A 0.4-per cent fall in production was recorded in Q3 2024.
Early estimates show that real GDP per head fell by 0.2 per cent in Q3 2024, and is 0.2-per cent lower year on year (YoY), an ONS release said.
Early estimates of real households’ disposable income per head show no growth in Q3 2024, following a growth of 1.4 per cent in Q2.
The household saving ratio is estimated at 10.1 per cent in Q3 2024—down from 10.3 per cent in Q2.
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