Wednesday, 29 June 2011

UK Sectoral Balances - Q1 2011

Finally the UK Q1 2011 figures are out.

The private sector is still saving 7% of GDP overall, and the improvement in government funds is entirely down to an improved balance of trade - an increase in exports by the look of it.

Household saving overall remains weak at 0.7% of GDP. And those private non-financials continue to hoard money as they have been doing since 2002.

Source: Office of National Statistics, tables RPZD, RPYN, RQAW, RPZT, RQCH, DJDS (Seasonally adjusted Net Lending/Borrowing per sector plus residual error) and YBHA (Gross domestic product at market prices, seasonally adjusted)