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

 

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Annual Inflation

CPI annual inflation stands at 3.4 per cent in February 2012, down from 3.6 per cent in January.

RPI annual inflation stands at 3.7 per cent in February 2012, down from 3.9 per cent in January.

Consumer Price Indices, February 2012

 

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