This article provides an overview of changes to the estimation of Gross Fixed Capital Formation (GFCF) which will be introduced as part of the Business Investment Provisional release for 2016 Quarter 4 (Oct to Dec).
Publications
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Annual improvements to gross fixed capital formation source data for Blue Book 2017
Summary of changes affecting annual estimates of gross fixed capital formation for the UK National Accounts: Blue Book 2017.
The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the Code of Practice for Official Statistics.
Designation can be broadly interpreted to mean that the statistics:
- meet identified user needs
- are well explained and readily accessible
- are produced according to sound methods
- are managed impartially and objectively in the public interest
Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.