In May 2013 the quantity of goods bought (volume) in the retail sector was estimated to have increased by 1.9% when compared with May 2012. Over the same period the amount spent (value) in the retail sector increased by 3.1%. The price of goods sold in the retail sector (as measured by the implied price deflator) increased by 0.9%.
CPI annual inflation – the Government’s target measure – was 2.7 per cent in May, up from 2.4 per cent in April. CPIH annual inflation - the new measure of consumer price inflation including owner occupiers' housing costs, was 2.5 per cent in May, up from 2.2 per cent in April.
In the year to May 2013 the output price index for home sales of manufactured products rose 1.2%. In the same period the total input price index rose by 2.2%.
Comparing April 2013 to March 2013, the non-seasonally adjusted total volume of construction output decreased by 6.5%.
Business visits to the UK have grown 10% in the three months February to April 2013 compared with a year earlier, and are up by 7% in the year to date (January to April) compared to 2012.
The unemployment rate was 7.8%, unchanged on the quarter. There were 2.51 million unemployed people, down 5,000 on the quarter.