Consumer trends, Q2 2013: ONS
- In Q2 2013, household spending (adjusted for inflation) grew by 0.3% (£661m). The main positive contributor to growth was increased household spending on ‘Transport’.
- Household spending has increased by 0.3% but still remains 2.8% below the peak of spending (in volume terms) in Q4 2007. Households purchased 4.0% more in volume terms this quarter compared with the recent low of Q2 2009.
- The current price value of household spending, which includes inflation, shows how much UK households spent. In Q2 2013 current price spending increased by 0.9% compared with Q1, continuing the trend of positive growth which has continued since Q3 2009. Current price spending is now 15.1% higher than Q4 2007. Households current price spending was 19.1% higher in Q2 2013 than the recent low of Q2 2009.
- The value of UK household spending per head, in current price terms, was £4,037, an increase of 0.7% on the quarter and 10.3% when compared with Q1 2008, the quarter prior to the first fall in expenditure, including inflation, since 1997.
Consumer Price Inflation: ONS
- The Consumer Prices Index (CPI) grew by 2.7% in the year to August 2013, down from 2.8% in July.
- The largest contributions to the fall in the rate came from the transport (particularly motor fuels and air transport) and clothing sectors. These were partially offset by an upward contribution from furniture, household equipment & maintenance.
- The other main inflation measures were unchanged between July and August: CPIH grew by 2.5% and RPIJ grew by 2.6%.
- These latest numbers continue the trend of broadly steady inflation seen since spring 2012.
European employment, Q2 2013: Eurostat
- The number of persons employed decreased by 0.1% in the euro area (EA17) and remained stable in the EU27 in the second quarter of 2013 compared with the previous quarter.
- In the first quarter of 2013, employment decreased by 0.4% in the euro area and by 0.2% in the EU27. These figures are seasonally adjusted.
- Compared with the same quarter of the previous year, employment fell by 1.0% in the euro area and by 0.4% in
- the EU27 in the second quarter of 2013 (after -1.0% and -0.5% respectively in the first quarter of 2013).
- In the second quarter of 2013, 221.8 million men and women were employed in the EU27, of which 145.0 million were in the euro area. These figures are seasonally adjusted.