European demography

Report on demography: Eurostat

  • In 2012, for every person aged 65 or older, there were 4 people of working age in the EU27
  • Around three people of working age for every older person in Italy and Germany
  • 40% of children were born outside marriage in 2011
  • Highest marriage rate in Cyprus, lowest in Bulgaria
  • Highest divorce rate in Latvia, lowest in Malta
  • Highest share of birth outside marriage in Estonia, lowest in Greece

 

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Consumer Trends

Consumer Trends, Q4: ONS

  • In Q4 2012, household spending (adjusted for inflation) grew by 0.4% (£834 million). ‘Housing, water, gas, electricity and other fuels’ was the main contribution to growth.
  • The volume measure provides an estimate of the amount of goods and services purchased by households. In Q4 2012 it increased by 0.4%, meaning it was 3.9% below the peak of pre-recession spending in Q4 2007.
  • In Q4 2012 households purchased 2.9% more in volume terms compared with the low of Q2 2009.
  • The current price value of household spending (inflation included) shows how much UK households spent. In Q4 2012 it increased by 1.2% on the quarter, meaning it was 12.2% higher than Q4 2007.
  • Households current price spending was 16.5% higher in Q4 2012 than the low of Q2 2009.
  • The value of UK household spending per head, in current price terms, was £3,893, an increase of 1.0% on the quarter, £294 higher than in Q4 2007.
  • In 2012 volume expenditure increased by 1.2% compared with 2011. Current price expenditure rose by 3.9%

Regional GDP per capita in the EU in 2010

What was the EU region with the highest GDP per capita in 2010?

Inner London in the United Kingdom (328% of the average)

Regional GDP per capita in the EU in 2010: Eurostat

  • The leading regions in the ranking of regional GDP per capita in 2010 were Inner London in the United Kingdom (328% of the average), the Grand Duchy of Luxembourg (266%), Bruxelles/Brussel in Belgium (223%), Hamburg in Germany (203%), Île de France in France and Groningen in the Netherlands (both 180%), Bratislava in Slovakia (176%), Praha in the Czech Republic (172%), Stockholm in Sweden (168%) and Wien in Austria (165%).
  • Among the 41 regions exceeding the 125% level, eight were in Germany, five each in the Netherlands and Austria, four in Belgium, three each in Spain, Italy and the United Kingdom, two each in Finland and Sweden, one each in the Czech Republic, Denmark, Ireland, France and Slovakia, as well as the Grand Duchy of  Luxembourg.
  • The lowest regions in the ranking were all in Bulgaria and Romania, with the lowest figures recorded in Severozapaden in Bulgaria (26% of the average), followed by Severen tsentralen in Bulgaria and Nord-Est in Romania (both 29%) and Yuzhen tsentralen in Bulgaria (30%). Among the 68 regions below the 75% level, fifteen were in Poland, seven each in the Czech Republic, Greece and Romania, six in Hungary, five each in Bulgaria and Italy, three each in France (all overseas departments), Portugal and Slovakia, two in the United Kingdom, one each in Spain and Slovenia, as well as Estonia, Latvia and Lithuania.

Unemployment rises

Labour Market Statistics, March 2013: ONS

  • The unemployment rate for November 2012 to January 2013 was 7.8% of the economically active population, unchanged from August to October 2012. There were 2.52 million unemployed people, up 7,000 from August to October 2012.
  • The employment rate for those aged from 16 to 64 for November 2012 to January 2013 was 71.5%, up 0.3 percentage points from August to October 2012. There were 29.73 million people in employment aged 16 and over, up 131,000 from August to October 2012.
  • The inactivity rate for those aged from 16 to 64 for November 2012 to January 2013 was 22.3%, down 0.3 percentage points from August to October 2012. There were 8.95 million economically inactive people aged from 16 to 64, down 118,000 from August to October 2012.

Consumer Price Inflation, February 2013

 

Consumer Prices: ONS

  • The Consumer Prices Index (CPI) annual inflation grew by 2.8% in February 2013, up from 2.7% in January. The change in the rate follows four consecutive months when it stood at 2.7%.
  • The largest upward contributions to the change in the rate came from the expected increases in many gas and electricity bills and from price changes for some recreational goods, motor fuels and air transport.
  • The largest downward contributions came from smaller price increases for food and soft drinks than a year ago and price falls for alcohol compared with price rises a year ago.
  • CPIH, the new measure of consumer price inflation including owner occupiers’ housing costs, grew by 2.6% in the year to February 2013, up from 2.5% in January.

Footfall in High Streets improves

Footfall Monitor: BRC

  • Footfall in February was 0.8% higher than a year ago, an improvement on the 4.6% decline in January.
  • Footfall improved on high streets with a 2.7% increase compared with a year earlier, the strongest growth since December 2011.
  • Footfall in shopping centres (-1.6%) and out-of-town (-1.5%) locations fell; however, this is a significant improvement on January’s figures.

European Inflation

European Inflation: Eurostat

  • Euro area annual inflation was 1.8% in February 2013 , down from 2.0% in January. A year earlier the rate was 2.7%. Monthly inflation was 0.4% in February 2013.
  • European Union annual inflation was 2.0% in February 2013, down from 2.1% in January. A year earlier the rate was 2.9%. Monthly inflation was 0.4% in February 2013