Producer Price Index – October 2011

Producer Price Index – October 2011

  • In the year to October 2011 the output price index for home sales of manufactured products rose 5.7 per cent.
  • Between September and October the output index for home sales of manufactured products was unchanged.
  • In the year to October 2011 the output price index excluding food, beverages, tobacco & petroleum rose 3.4 per cent.
  • In the year to October 2011 the total input price index rose by 14.1 per cent. This is the lowest annual rate since December 2010, when the index rose 13.1 per cent.
  • Between September and October the total input price index fell 0.8 per cent.
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Retail Sales: October 2011

Retail Sales: October 2011

  • Value of retail sales in October 2011 showed an increase of 5.4 per cent compared
    with October 2010.
  • Non-seasonally adjusted value data shows that small stores value sales grew
    by 9.5 per cent, in comparison large stores increased by 4.3 per cent.
  • Sales volumes in October 2011 increased by 0.9 per cent compared to October 2010.
  • Non-seasonally adjusted volume data shows that small stores provided the most upward
    pressure increasing by 5.3 per cent, in comparison large stores decreased by 0.3 per cent over
    the same period.

 

Labour Market Statistics, November 2011

Labour Market Statistics, November 2011

  • There were 2.62 million unemployed people, up 129,000 on the quarter.
  • The unemployment rate was 8.3 per cent of the economically active population, up 0.4 on the quarter.
  • The unemployment rate is the highest since 1996 and the number of unemployed people is the highest since 1994.
  • The inactivity rate for those aged from 16 to 64 was 23.3 per cent, up 0.1 on the quarter.
  • There were 9.36 million economically inactive people aged from 16 to 64, up 64,000 on the quarter.
  • The employment rate for those aged from 16 to 64 was 70.2 per cent, down 0.4 on the quarter.
  • There were 29.07 million people in employment aged 16 and over, down 197,000 on the quarter.

CBI has revised down its forecast for the UK economy

The CBI has revised down its forecast for the UK economy

The CBI now expects GDP growth to be 0.9% in 2011 and 1.2% in 2012, down from 1.3% and 2.2% respectively. It forecasts quarter-on-quarter GDP growth to be 0.0% in Q4 2011 and 0.2% in Q1 of 2012.

Total business investment is expected to grow by 0.6% in 2011, down from 3.7% in the previous forecast, and 6.9% in 2012, down from 9.3%.

 

TUC analysis reveals youth unemployment increases in 97% of the UK

Youth unemployment increases in 97 per cent of the UK in the last year

  • Youth unemployment has increased in 97 per cent of local authority areas in the UK. The number of young people aged between 18 and 24 unable to find work has increased in 196 of 202 local authorities since September 2010.
  • From September 2007 to September 2011, the number of young people unable to find work at least doubled in a third of local authorities.