Saturday, August 13, 2011

Does nobody check anything anymore or does this happen on purpose on a friday

ONS error overstates construction growth five-fold

Strange how these errors happen on a friday and are then corrected just as everyone has gone home for the weekend. Anyway output in the second quarter grew by just 0.5% rather than the 2.3% stated this morningwith the net result that the government would be able to revise upwards the overall GDP for the second quarter by 0.1 percentage point. With regard to construction this now means that rather than registering year-on-year growth of 0.8%, the sector is now 1.6% down from a year ago. Apparently "The problem arose when the ONS used data in the wrong cells of its construction spreadsheet".

Posted by enuii @ 11:02 PM (1746 views)
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One thought on “Does nobody check anything anymore or does this happen on purpose on a friday

  • gone-to-colombia says:

    so, that´s just one loft conversion instead of five?

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