Retail Sales – including internet retail sales

I took a few days off in the week of the budget. Is that such a bad thing? Most of it was flagged up beforehand anyway. But I’m still interested in the impact of the budget.

  • Value of retail sales in February 2012 showed an increase of 3.2 per cent higher than February 2011.
  • Sales volumes in February 2012 increased 1.0 per cent when compared with February 2011.
  • The proportion of retail sales made via the internet is estimated to have been 10.7 per cent of all retail sales excluding fuel in February 2012.

Retail Sales, February 2012 – ONS


15,000 businesses have disappeared from London

London has lost 15,000 companies – BBC/Experian research

  • The number of businesses in the capital fell from 1,043,983 to 1,028,695
  • 3,169 companies were lost through insolvencies, relocations and closures
  • The London borough of Hounslow saw the biggest fall in its business numbers
  • In Barking and Dagenham between 2010 and 2012, 7,685 new businesses began
  • Newham is London’s top performer for business start-ups. The number rose by 43.3% over the same period, to 14,672.

Euro area/EU27 external trade deficit

  • Euro area external trade deficit 7.6 bn euro compared with -16.1 bn in January 2011.
  • 23.8 bn euro deficit for EU27compared with -31.2 bn in January 2011.
  • The December 20112 balance was +9.1 bn, compared with -1.7 bn in December 2010.
  • In January 2012 compared with December 2011, seasonally adjusted exports rose by 1.3% and imports by 2.4%.

Euro area/EU27 external trade deficit – January 2012: Eurostat

Employment down in the euro area

  • The number of persons employed decreased by 0.2% in the euro area (EA17) and by 0.1% in the EU27 in the fourth quarter of 2011 compared with the previous quarter
  • The largest fall in employment was recorded in construction and the highest increase in real estate activities
  • Compared with the same quarter of the previous year, employment fell by 0.2% in the euro area and remained stable in the EU27 in the fourth quarter of 2011.

Employment down by 0.2% in the euro area – Eurostat

Euro area annual inflation

  • Euro area annual inflation was 2.7% in February 2012, unchanged compared with January. A year earlier the rate was 2.4%. Monthly inflation was 0.5% in February 2012.
  • EU annual inflation was 3.0% in February 2012, up from 2.9% in January. A year earlier the rate was 2.9%. Monthly inflation was 0.5% in February 2012.

Euro area annual inflation – Eurostat