ONS identified that the index values and growth rates for the Business Services and Finance sector within the Quarterly National Accounts publication were incorrect. These have now been amended. This correction affects tables B1, R, AA and AE and section 5 of the statistical bulletin.
The error did not impact any top-level data, so there is no impact on either GDP or Index of Services.
ONS apologises for any inconvenience this may have caused.
During the final quality assurance of the Blue Book 2018 consistent Quarterly National Accounts dataset an error was discovered in the General Government Final Consumption Expenditure (GGFCE) chained volume measure (CVM).
The error affects 2005 data, increasing annual GGFCE growth by around 1.7 percentage points from 2.3% to 4.0%. GGFCE in current prices is unaffected.
There is no impact on headline GDP growth or the GDP implied deflator, as the impact during 2005 would be offset by revisions to the expenditure alignment adjustment.
The GGFCE CVM series will be corrected and there will be a review of the alignment adjustment in the Blue Book 2019 consistent Quarterly National Accounts dataset.