- 29% of manufacturers reported that total orders had increased in the three months to July, while 26% said that they had fallen
- 29% of manufacturers reporting output volumes were up compared with the previous three months, and 21% saying they were down
- Overall, the results for the UK Business Economy (that part of the UK whole economy measured by the Annual Business Survey, ABS) showed that approximate Gross Value Added at basic prices (aGVA) grew by 4 per cent (£33.8 billion) between 2009 and 2010, although not yet recovering to 2008 levels. Those regions contributing most to the overall growth over this period were the West Midlands, the North West and London.
- The West Midlands region showed the highest growth in aGVA between 2009 and 2010, rising 11 per cent (£6.8 billion) and returning to its 2008 level of £66.2 billion.
- The North West region followed the West Midlands with a 7 per cent (£6.4 billion) rise in aGVA to £93.9 billion, higher than the levels seen in both 2008 and 2009.
- London showed a rise of 3 per cent (£5.5 billion) in aGVA to £217 billion in 2010, but has not returned to its 2008 level of around £231.2 billion.
Not much in the way of change to report this quarter – but there never is anything earth shattering from this survey
- More workplaces, weighted by employment, reported higher output in May 2012 compared with February 2012
- The balance of expectations for output in August 2012 compared with May 2012 is positive
- GDP decreased by 0.7 per cent in Q2 2012 (revised to 0.5 per cent decrease on 24 Aug 2012) compared with Q1 2012
- This follows falls of 0.3 per cent in Q1 and 0.4 per cent in Q4 2011
- GDP in volume terms decreased by 0.8 per cent in Q2 2012, when compared with Q2 2011
John Cridland, CBI Director-General, said:
“When I talk to businesses on the ground, however, the overwhelming view is that right now the economy is flat rather than negative, and there is potential for Britain to get back into growth later in the year.”
I don’t agree with the CBI that often but it does seem that, once trade flattens out rather than falling, smaller businesses that I come in contact with are more positive about the future.
British Chambers are also not as gloomy as might be expected – although the want government action. John Longworth, Director General of the British Chambers of Commerce, said:
“Many of our members are continuing with guarded optimism, but the government must ensure confidence is not damaged further”
- Three-quarters (75.9 per cent) of people aged 16 and over rated their overall ‘life satisfaction’ as 7 or more. This compares with 80.0 per cent of people who gave a rating of 7 or more when asked whether they felt the things they did in their lives were ‘worthwhile’
- When asked about day-to-day emotions, 10.9 per cent of people in the UK rated their ‘happiness yesterday’ as less than 5 out of 10 (indicating lower happiness).
- Women were more likely to report higher levels of subjective well-being
- ‘Life satisfaction’ and ‘worthwhile’ ratings differed by age, with people aged 16 to 19 and 65 to 79 reporting, on average, the highest ratings.
- The ethnic group with the lowest average ‘life satisfaction’ rating was the ‘Black/African/ Caribbean/Black British’ group (6.7 out of 10).
- Having a partner appears to be related with improved subjective well-being.
- Between 1930 and 2010 life expectancy at birth in the UK (that is the length of time that an individual born in a specific year can expect to live) increased by around a third for both sexes from 58.7 to 78.2 years for men and from 63.0 to 82.3 for women
- Cancer was still the most common cause of death in the UK in 2011, followed by heart disease, diseases of the respiratory system and cerebrovascular diseases, which includes stroke
- In England in 2007, around one in six adults had a common mental disorder such as anxiety or depression
- In October 2011 and February 2012, 84 per cent of adults aged 16 and over in Great Britain reported a medium/high satisfaction (7 to 10 out of 10) with their living accommodation
- In 2008, adults aged 18 and over in England reported levels of crime (61 per cent), clean streets (45 per cent) and health services (44 per cent) as the most important factors in making somewhere a good place to live
- In the 12 months to May 2012, UK house prices increased by 2.3 per cent. The average UK mixadjusted house price was £228,000 (not seasonally adjusted).
- In 2011, 5 per cent of adults aged 18 and over in Great Britain reported feeling a sense of isolation due to difficulties accessing local shops and services