| Welcome to our quarterly economic round-up of the latest economic indicators. More detail is available in our economic commentary publication. Quarterly economic commentary: January to March 2025 The UK economy continued to grow at the start of 2025, with overall economic output and output per person both increasing. At the same time, the country continued to spend more on imports and overseas payments than it earned from exports, leading to a current account deficit. The job market showed signs of slowing down, although wages kept rising. There has been substantial disinflation over the past two years but some inflationary pressures continued to push up prices. Key points include: Real gross domestic product (GDP) increased by 0.7% in Quarter 1 (Jan to Mar) 2025, while real GDP per head increased by 0.6%. The UK current account deficit, excluding the volatile movements in precious metals, was 2.5% of GDP in Quarter 1 2025, while the overall current account deficit was 3.2%. Several indicators suggest a loosening in the labour market since the start of 2025, while annual growth in regular pay was 5.2% in the period from February to April 2025. The annual rate of consumer price inflation (CPI) was 3.4% in May 2025, while core inflation was 3.5%, down from its peak of 7.1% in May 2023. Keep up-to-date with the latest key economic figures on our ONS website. Restoring confidence, improving quality â ONSâs plans for economic statistics and surveys Last week the Office for National Statistics (ONS) published two plans to urgently improve the quality of its key economic statistics and the surveys that underpin them. The first, is a plan for improving ONS economic statistics, Restoring confidence, improving quality, which sets out a programme of improvements in data collection, processing and statistical production, while addressing underlying resource issues to add resilience for the future. The second is a Survey Improvement and Enhancement Plan, which aims to boost the quality and reliability of social and business surveys, by addressing falling response rates and modernising operations and systems to improve data quality. These plans were published alongside Sir Robert Devereuxâs independent review of the ONS. This report highlights that the ONS needs a focused and consistent effort to improve core statistics, that changes are needed in the way the ONS is led - splitting the National Statistician roles at least temporarily, and that governance across the ONS and the wider system merits further consideration. In a published response to the Devereux review, the Acting National Statistician Emma Rourke said: âWe welcome Sir Robert Devereuxâs report and fully acknowledge the issues he has highlighted. This represents a turning point for the ONS as we commit to implement the recommendations and reset towards a culture that embraces feedback and challengeâ. A blog by Grant Fitzner, Acting Director General for Economic Statistics at the ONS, explains how the improvements in data collection and statistical production aims to restore confidence and improve the quality of the ONSâs core statistics.  Contribute to our Price Index of Private Rents user engagement We have launched our Price Index of Private Rents (PIPR) user engagement. If you are a user of ONS rental price statistics, we would like to hear from you to understand how you have used the PIPR and how well it supports your work or interests. Your feedback will inform our future publications and any further explanations or additional analysis we can provide. The questionnaire will close on 10 September 2025. Visit our consultation and participation platform to find out more information and to complete the questionnaire. Join our Bringing data to life event Migration figures are often in the headlinesâbut what do the numbers really show? In this next Bringing data to life webinar, we will explain how we estimate the number of people entering or leaving the UK, how people move between regions and devolved nations, and some of the reasons people move. Plus, weâll explore the key terms, data sources, and what the stats do (or donât) tell us about UK migration patterns. Join us on Tuesday 22 July at 4pm to better understand how migration statistics can inform public policy and improve the lives of individuals and communities in the UK. Whether youâre curious about why people move, the nationalities of those moving in and out of the UK, or just want to know how we estimate the real numbers behind migration, this interactive webinar is for you. | 