Economic Indicators, January 2014.

This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries.

• GDP growth was confirmed as 0.8% in Q3 2013 compared with the previous quarter, following growth of 0.8% in Q2. GDP is now 2.0% below its peak in Q1 2008.

• Employment grew by 250,000 to 30.09 million in August-October 2013, the first time employment has exceeded 30 million. Unemployment during the same period fell by 99,000, to 2.39 million.

• Productivity in the UK grew slightly during Q2 and Q3 2013 compared with the same period in 2012, following four successive quarters of declining productivity.

This month’s articles: “Tax revenues: recession and recovery” and “Lights, roads, water – the fragile state of infrastructure investment”