European inflation

European inflation – June 2012: Eurostat

  • Euro area annual inflation is expected to be 2.4% in June 2012. It was also 2.4% in May.
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Road lengths

Road lengths statistics in Great Britain: 2011 – Department for Transport

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.

Retailers report further improvement in the growth of sales volumes

High street sales continue to grow strongly in the year to June: CBI Distributive Trades Survey

  • 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

Businesses to benefit from the Olympics

Most London firms think 2012 Games will boost tourism and help promote the capital: CBI Survey

  • 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