Dashboard: Assessing the UK post-referendum economy

ONS produces a wide range of economic statistics, which will increasingly contain data periods which fall after the UK vote on EU membership that was held on 23 June.

We have compiled this dashboard to aid understanding of the post-referendum economy.

The commentary and trends to consider information is not a forecast or prediction of whether the statistics will show any discernible effects of the EU referendum result but are to help comprehension of how these data are potentially impacted by the international and domestic economic environment as we move forward in time.

Economic overview: November 2016

Economic data since the EU referendum vote have remained broadly encouraging this month.  

Office for National Statistics (ONS) Chief Economist Nick Vaughan said:

The big change in our economic circumstances since June’s referendum has of course been the sharp depreciation of sterling. So manufacturers have faced higher prices for some raw materials and that in turn has started to push up the prices of goods leaving factories.

Nevertheless, the economy as a whole has continued to grow roughly on trend with both consumer spending and business investment holding up.

Meanwhile, the number of people in work has remained at a record high, although there are perhaps some early signs that the long and steady growth in employment we’ve seen these last few years is starting finally to slow.”  

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