Wednesday, 1 April 2015

UK Sectoral Balances - Q4 2014

The Q4 2014 data from the national accounts is out and as we can see the domestic private sector is almost in balance again: The 'balanced budget' within the entire domestic sector continues although with a central point on the negative side. However all domestic sector can be considered balanced within the margin of error, leaving the government sector to provide the offset for foreign net savings in Sterling. Obviously it is important to point out that these are aggregate net figures, and that can hide a lot of the specific detail. Again you would have to delve deeper to find anything specific.

Source: Office of National Statistics, tables RPYH, RQAJ, RQBN, RQBV, RPYN, RPZT, RQCH, DJDS (Seasonally adjusted Net Lending/Borrowing per sector plus residual error) and YBHA (Gross domestic product at market prices, seasonally adjusted). Data and calculations are available online