- Euro area annual inflation is expected to be 2.4% in June 2012. It was also 2.4% in May.
Yeah, I know this isn’t my usual kind of thing, but I’m glad that someone is counting all these roads. And I’ve just bought a new motorbike.
- The total road length in Great Britain in 2011 was estimated to be 245.0 thousand miles, an increase of 2.1 thousand miles (0.9 per cent) over 10 years.
- Minor roads made up 87 per cent of total road length, with motorways and ‘A’ roads accounting for 1 per cent and 12 per cent respectively.
- Despite accounting for only 13 per cent of road length in 2011, major roads (motorways and ‘A’ roads) accounted for 65 per cent of road traffic.
- The UK’s current account deficit was £11.2 billion in the first quarter of 2012, up from a revised deficit of £7.2 billion in the previous quarter.
- The trade deficit widened to £7.8 billion in the first quarter of 2012, up from £5.6 billion the previous quarter.
- UK gross domestic product (GDP) in volume terms decreased by 0.3 per cent, unrevised from the previously estimated 0.3 per cent decline
- The volume of expenditure on goods and services (seasonally adjusted) fell by 0.1 per cent in Q1 2012, following growth of 0.5 per cent in Q4 2011.
- In current prices, seasonally adjusted household expenditure increased by 0.5 per cent.
- 58% of retailers reported that sales volumes were up on a year ago, and 17% stated that sales had fallen. The resulting rounded balance of +42% was stronger than retailers had expected (+25%) and was the fastest growth reported since December 2010 (+56%)
- Firms also reported better than expected growth in orders with the survey balance once again the highest since December 2010
- Retailers expect strong increases in both sales and order volumes in the year to July
- Retailers still considered the volume of sales to be below average for the time of year
- Most retail sub-sectors reported an improvement in year-on-year sales growth
- 92% of firms think that hosting the Olympics and Paralympics will help promote London internationally
- 76% think they will boost tourism
- 63% say they are looking forward to the Games
- A quarter expect their businesses to benefit directly from the events
- 64% expect at least the same level of customer and business activity during the Games
- 76% think the Games will have a positive impact on regeneration