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					                                                                                                                                LATEST UK INDICATORS
                                                                                                                    % change on a year earlier unless otherwise stated


                                                                            Activity

                                                                            GDP (QoQ)                                                                       11Q2           0.1
                                                                            Service sector output                                                         3m to July       1.3
                                                                            Industrial production                                                         3m to July      -0.6
                                                                            Manufacturing output                                                          3m to July       2.3
                                                                            Households' consumption                                                         11Q2          -0.5
                                                                            Retail sales volumes                                                           August          0.0
                                                                            Whole economy investment                                                        11Q2           1.7
                                                                            Goods exports (volumes)                                                       3m to July       2.6
                                                                            Goods imports (volumes)                                                       3m to July       1.9
                                                                            Current account balance, £bn                                                    11Q1          -9.4
                                                                            Business Investment                                                             11Q2           3.8

                                                                            Labour market & earnings

                                                                            Unemployment, mn                                                              3m to Jul       2.51
                                                                            Unemployment rate, %                                                          3m to Jul        7.9
                                                                            Claimant unemployment, mn                                                       Aug           1.58
                                                                            Claimant rate, %                                                                Aug            4.9
                                                                            LFS total in employment, mn                                                   3m to Jul       29.2
                                                                            LFS employment rate, %                                                        3m to Jul       70.5
                                                                            Workforce jobs, mn                                                              Jun           31.2
                                                                            Headline average earnings %1                                                  3m to Jul        2.1



                                                                            Inflation & prices
                                                                            CPI                                                                              Aug           4.5
                                                                            RPI                                                                              Aug           5.2
                                                                            RPIX                                                                             Aug           5.3

                        POCKET                                              Producer output prices (nsa)
                                                                            Producer input prices (nsa)
                                                                                                                                                             Aug
                                                                                                                                                             Aug
                                                                                                                                                                           6.1
                                                                                                                                                                          16.2
                                                                            Halifax house prices2                                                            Sep          -2.3

                       DATABANK                                             Nationwide house prices                                                          Sep          -0.3

                                                                            Public finances

                                                                            Public sector surplus on current budget, £bn 3                                  August       -13.8
                                                                            Public sector net borrowing, £bn 3                                              August        15.9
                                                                            Public sector net cash requirement, £bn                                         August        11.8
                                                                            Public sector net debt, % of GDP3,4                                             August        61.4
                      06 October 2011
                                                                            Monetary

                                                                            M4 deposits (excluding intermediate OFCs)                                       August         2.2
                                                                            Exchange rate index (2005=100)                                                   Latest 5    79.40
                                                                            $/£                                                                              Latest 5     1.54
                                                                            €/£                                                                             Latest 5      1.16
                                                                            Bank rate, %                                                                    Latest        0.50
                                                                            Long-term interest rates, %6                                                    Latest 5      2.36


The Electronic Version of The Pocket Databank can be found under Economic
                Data and Tools/Latest Economic Indicators at:               1
                                                                                Excluding bonuses
                                                                            2
                                                                                Excluding financial interventions
                                                                            3
                                                                                Amount outstanding as a %of GDP, at market prices
                 www.hm-treasury.gov.uk                                     4

                                                                            5
                                                                                Benchmark 10 yr gilt yield, Bank of England
                                                                                5 October
                                                                                                                                                       TABLE 1 - UK INFLATION
                                CONTENTS                                                                                                              (% Change on a year earlier)

Table                        Title                                            Page                                    Consumer prices                         Producer prices1                   Earnings2,4
                                                                                                                                                                 Manufacturing          Whole ec. Private    Public3                     GDP
        UK TABLES                                                                                              RPI           RPIX             CPI             Input      Output         Earnings Earnings Earnings                      deflator
                                                                                                              CZBH          CDKQ             D7G7            RNNK        PLLU            KAI7     KAJ2       KAK6                       YBGB
Table       1                UK Inflation                                        3                1991          5.9           6.8             7.5              -2.1        5.4             -                   -                          6.4
Table       2                UK Output                                           4                1992          3.7           4.7             4.3              -0.4        3.1             -         -         -                          3.8
Table       3                UK GDP                                              5                1993          1.6           3.0             2.5               4.6        4.0             -         -         -                          2.8
Table       4                UK Investment & productivity                        6                1994          2.5           2.4             2.0               1.9        2.5             -         -         -                          1.6
Table       5                UK Consumer indicators                              7                1995          3.4           2.8             2.6               8.8        4.0             -         -         -                          2.7
Table       6                UK Housing indicators                               8                1996          2.4           2.9             2.5              -1.2        2.6             -         -         -                          3.6
Table       7                UK Business surveys                                 9                1997          3.1           2.8             1.8              -8.3        0.9             -         -         -                          2.7
Table    8a & 8b             UK Labour mkt: unemployment & employment         10 - 11             1998          3.4           2.7             1.6              -9.0        0.0             -         -         -                          2.0
Table       9                UK Balance of payments                             12                1999          1.6           2.3             1.4              -1.3        0.4             -         -         -                          1.9
Table      10                UK Trade in goods                                  13                2000          2.9           2.1             0.8               7.4        1.5             -         -         -                          0.6
Table   11a & 11b            UK Public finances                               14 - 15             2001          1.8           2.1             1.2              -1.2       -0.3            4.7       4.6       5.7                         1.5
Table      12                UK and EU base & exchange rates                    16                2002          1.6           2.2             1.3              -4.5        0.0            3.9       3.9       3.8                         2.5
Table      13                UK Interest rates                                  17                2003          2.9           2.8             1.4               0.5        1.0            3.3       2.9       4.8                         2.3
Table      14                UK Monetary indicators & prices                    18                2004          3.0           2.2             1.4               2.3        1.4            3.7       3.5       4.4                         2.5
                                                                                                  2005          2.8           2.3             2.0              10.5        1.8            4.2       4.0       5.1                         2.2
        WORLD TABLES                                                                              2006          3.2           2.9             2.3               9.5        2.2            3.9       4.1       3.4                         3.2
                                                                                                  2007          4.3           3.2             2.3               2.9        2.6            4.2       4.4       3.2                         2.2
Table      15                World exchange rates                               19                2008          4.0           4.3             3.6              21.7        7.3            3.7       3.7       3.6                         3.1
Table   16a & 16b            World inflation                                  20 - 21             2009         -0.5           2.0             2.2              -3.5        1.3            1.8       1.2       3.0                         1.6
Table      17                G7 Productivity                                    22                2010          4.6           4.8             3.3                -          -             1.6       1.7       1.5                         2.9
Table      18                G7 Investment                                      23                            CZBH          CDKQ             D7G7            RNNK        PLLU            KAI9     KAJ4       KAK8                       YBGB
Table   19a & 19b            World output - growth of real GDP                24 - 25   2009
Table   20a & 20b            World growth of industrial production            26 - 27              Sep         -1.4            1.3             1.1            -6.1             0.4         1.3           0.5             2.9              1.6
Table   21a & 21b            Unit labour costs in manufacturing               26 - 27              Oct         -0.8            1.9             1.5             0.8             1.5         1.2           0.3             2.9
Table   22a & 22b            World standardised unemployment rates            28 - 29              Nov          0.3            2.7             1.9             3.9             2.6         1.1           0.2             2.8
Table   23a & 23b            World current account balances                   30 - 31              Dec          2.4            3.8             2.9             7.1             3.2         1.1           0.2             2.8              1.9
Table      24                World nominal short-term interest rates            32      2010
Table      25                World real interest rates                          32                 Jan          3.7            4.6             3.5            7.4              3.5         1.4           0.5             2.8
Table      26                World long-term interest rates                     33                 Feb          3.7            4.2             3.0            7.7              3.8         1.6           0.7             2.8
Table   27a & 27b            World stock market indices                       34 - 35              Mar          4.4            4.8             3.4            10.3             4.5         1.8           1.0             2.9              0.7
                                                                                                   Apr          5.3            5.4             3.7            12.6             4.9         1.7           0.8             2.7
                                                                                                   May          5.1            5.1             3.4            11.6             5.0         1.6           0.8             2.7
                                                                                                   Jun          5.0            5.0             3.2            10.7             4.4         1.4           0.6             2.2              2.7
                                                                                                    Jul         4.8            4.8             3.1            10.7             4.2         1.6           1.1             2.1
                                                                                                   Aug          4.7            4.7             3.1            8.3              4.2         2.0           1.7             1.8
                                                                                                   Sep          4.6            4.6             3.1            8.8              3.8         2.3           2.2             2.0              3.0
                                                                                                   Oct          4.5            4.6             3.2            8.5              4.0         2.3           2.2             2.0
                                                                                                   Nov          4.7            4.7             3.3            9.3              4.1         2.3           2.2             2.3
                                                                                                   Dec          4.8            4.7             3.7            13.1             4.2         2.3           2.1             2.3              2.5
                                                                                        2011
                                                                                                   Jan          5.1            5.1             4.0            14.2             5.0         2.3           2.1             2.4
                                                                                                   Feb          5.5            5.5             4.4            14.9             5.3         2.2           2.0             2.3
                                                                                                   Mar          5.3            5.4             4.0            14.8             5.6         2.1           1.9             2.4              3.2
                                                                                                   Apr          5.2            5.3             4.5            17.9             5.6         2.0           1.9             2.2
                                                                                                   May          5.2            5.3             4.5            16.3             5.4         2.1           2.1             2.0
                                                                                                   Jun          5.0            5.0             4.2            16.8             5.8         2.3           2.3             1.8              2.3
                                                                                                    Jul         5.0            5.0             4.4            18.3             6.1         2.1           2.2             1.8
                                                                                                   Aug          5.2            5.3             4.5            16.2             6.1          -             -               -
                                                                                                   Sep           -              -               -              -                -           -             -               -               2.4
                                                                                        1
          - All UK statistics are published by ONS unless otherwise stated.                 Producer prices not seasonally adjusted, excluding climate change levy prior to Jan 2002.
                                                                                        2
             - Sources of world statistics are stated beneath each table.                   Headline average earnings excluding bonuses. Monthly figures: 3 month YoY average.
                                                                                        3
                 - HM Treasury accepts no responsibility for the                            Public earnings excluding financial services.
                                                                                        4
                 accuracy of material published in this document.                           From 19 January 2011 this data has changed to the Average Weekly Earnings series, as this is now the headline measure of earnings growth.
                                                                                        Previous data was from the Average Earnings Index.
                                      2                                                                                                                                  3
                                                                      TABLE 2 - UK OUTPUT                                                                                                        TABLE 3 - UK GDP
                                                                                                                                                                                         Money GDP is listed on Table 11a
                                                                      Gross value added at basic prices                                                                            COMPONENTS OF DEMAND - £bn, 2006 prices
                              Manufacturing                                        Industrial                       Service                                           Final consumption
                       2005=100         % change2                         2005=100           % change2      2005=100        % change2                                    expenditure                             Change in                        Real
                                                                                                                                                                                                                                   3
                        CKYY              YonY                             CKYW                YonY          GDQS             YonY                               HH         NPISH1        Gov        GFCF2      inventories Exports   Imports3   GDP4
          1991           87.2              -5.0                              88.2               -3.4           58.8            -0.2                             ABJR         HAYO        NMRY        NPQT         CAFU       IKBK       IKBL     ABMI
          1992           87.2               0.0                              88.5                0.3           59.2             0.6                 2001        748.1         37.0        265.2       195.5          8.0     322.0     348.3     1222.7
          1993           88.4               1.4                              90.4                2.1           61.0             3.0                 2002        781.9         36.6        275.6       202.6          1.9     328.3     366.8     1255.1
          1994           92.6               4.8                              95.3                5.4           63.7             4.5                 2003        807.7         36.3        287.8       204.9          5.0     334.5     373.8     1299.4
          1995           94.0               1.5                              97.0                1.8           65.9             3.5                 2004        832.7         36.4        297.6       215.3          5.3     351.7     398.9     1337.8
          1996           94.7               0.7                              98.3                1.3           68.3             3.6                 2005        851.3         36.3        304.1       220.5          4.9     378.9     428.3     1365.7
          1997           96.4               1.8                              99.7                1.4           71.2             4.2                 2006        867.1         36.4        308.7       234.6          4.2     423.2     471.8     1401.3
          1998           97.1               0.7                             100.7                1.0           74.9             5.2                 2007        890.9         36.6        310.6       253.6          7.8     417.5     467.6     1449.9
          1999           98.1               1.0                             102.2                1.5           78.3             4.5                 2008        878.0         35.8        315.6       241.4          1.7     422.9     462.0     1433.9
          2000           100.3              2.2                             104.1                1.9           82.0             4.8                 2009        847.0         34.5        315.4       209.1        -12.5     382.9     405.5     1371.2
          2001           98.9              -1.4                             102.5               -1.5           85.0             3.6                 2010        855.3         35.8        320.2       214.5          4.9     406.5     440.2     1395.3
          2002           96.8              -2.1                             100.8               -1.7           87.0             2.4                                     Percentage change on year earlier (except change in inventories:
          2003           96.5              -0.3                             100.2               -0.6           90.1             3.5                                               contribution to GDP growth, percentage points)
          2004           98.6               2.2                             101.2                1.0           93.2             3.5                2000           5.6          1.5          3.5         2.6          0.0       9.6        9.4      4.5
          2005           98.5              -0.1                             100.0               -1.2           96.1             3.1                2001           4.1          1.5          2.6         2.7          0.2       3.1        5.0      3.2
          2006           100.0              1.5                             100.0                0.0          100.0             4.1                2002           4.5         -1.1          3.9         3.6         -0.5       1.9        5.3      2.7
          2007           100.5              0.5                             100.1                0.1          103.5             3.5                2003           3.3         -1.0          4.4         1.1          0.3       1.9        1.9      3.5
          2008           97.6              -2.9                              97.0               -3.1          104.0             0.5                2004           3.1          0.5          3.4         5.1          0.0       5.1        6.7      3.0
          2009           87.2             -10.7                              87.2              -10.1          100.7            -3.2                2005           2.2         -0.3          2.2         2.4          0.0       7.7        7.4      2.1
          2010           90.3               3.6                              89.1                2.2          101.8             1.1                2006           1.8          0.2          1.5         6.4         -0.1      11.7       10.2      2.6
                     index       YonY 3         MonM                   index        YonY 3         MonM   index      YonY 3       QonQ             2007           2.7          0.4          0.6         8.1          0.3      -1.3       -0.9      3.5
2009                                                                                                                                               2008          -1.4         -2.2          1.6        -4.8         -0.4       1.3       -1.2     -1.1
           Jul        86.7              -11.8               -0.6       87.5         -10.3         -0.3                                             2009          -3.5         -3.6         -0.1       -13.4         -1.0      -9.5      -12.2     -4.4
          Aug         86.0              -11.6               -0.8       85.8         -10.2         -1.9                                             2010           1.0          3.8          1.5         2.6          0.0       6.2        8.5      1.8
          Sep         87.0              -11.1                1.2       86.4         -10.5          0.7    100.2       -3.6       -0.3                                Percentage change on previous quarter (except change in inventories:
          Oct         86.8              -10.2               -0.2       86.6         -10.3          0.2                                                                            contribution to GDP growth, percentage points)
          Nov         87.5               -8.0                0.8       87.1          -8.5          0.6                                         2009 Q1           -1.0         -1.1         -1.0        -6.6          0.1      -7.0       -7.7     -1.6
          Dec         88.0               -5.5                0.6       87.2          -6.0          0.1    101.0       -1.5        0.8               Q2           -0.7          0.1         -0.6        -4.8          1.2      -1.3       -1.1     -0.2
2010                                                                                                                                                Q3            0.3          0.3          0.8         1.2         -0.5       0.6       -0.2      0.2
          Jan         87.0                 -3.0             -1.1       87.1         -3.8          -0.1                                              Q4            1.0          0.3          0.6         0.3         -0.1       3.4        3.3      0.7
          Feb         88.2                 -0.9              1.4       87.6         -2.0           0.6                                         2010 Q1            0.0         -0.7          0.6         4.3          0.4      -0.3        2.3      0.2
          Mar         90.4                  1.3              2.5       89.5          0.3           2.2    101.2        0.0        0.2               Q2            0.6          4.1          0.3        -2.1          0.7       3.7        2.8      1.1
          Apr         89.8                  2.4             -0.7       89.0          1.3          -0.6                                              Q3           -0.2          1.8         -0.1         1.1          1.3       0.2        2.6      0.6
          May         90.0                  3.2              0.2       89.4          2.3           0.4                                              Q4           -0.1          0.6          0.1        -0.5         -1.0       3.9        1.6     -0.5
          Jun         90.2                  3.2              0.2       88.9          1.8          -0.6    101.9        1.4        0.7          2011 Q1           -0.6         -0.8          0.8        -2.8         -0.5       1.5       -2.9      0.4
           Jul        90.5                  3.8              0.3       89.0          1.9           0.1                                              Q2           -0.8          3.1          1.1         1.7          0.0      -1.3       -0.3      0.1
          Aug         90.8                  4.5              0.3       89.3          2.3           0.3                                                                  Percentage change on year earlier (except change in inventories:
          Sep         90.9                  4.8              0.1       89.6          3.2           0.3    102.4        2.2        0.5                                             contribution to GDP growth, percentage points)
          Oct         91.5                  5.2              0.7       89.4          3.7          -0.2                                         2008 Q4           -2.2         -2.5          1.4        -7.1         -1.1       0.7       -2.7     -5.4
          Nov         91.9                  5.0              0.4       89.9          3.4           0.6                                         2009 Q1           -4.9         -5.5          3.1       -12.2         -2.2      -2.2       -6.7     -6.9
          Dec         91.7                  4.9             -0.2       90.3          3.3           0.4    101.7        0.7       -0.7               Q2           -5.1         -6.1          0.3       -15.3         -2.8      -9.3      -14.0     -5.9
2011                                                                                                                                                Q3           -5.0         -4.3         -0.3       -16.7         -1.1     -12.6      -15.4     -3.8
           Jan        92.4                 5.1               0.8       90.6          3.6           0.3                                              Q4           -3.5         -3.3          0.1       -11.3         -0.7     -11.1      -13.1     -0.8
          Feb         92.3                 5.0              -0.1       89.3          3.2          -1.4                                         2010 Q1           -0.4         -0.4         -0.3        -9.8          0.7      -4.6       -5.9      0.9
          Mar         92.4                 4.3               0.1       89.5          2.0           0.2    102.6        1.4        0.9               Q2            0.6          0.0          1.4         0.7          0.9       2.4        4.3      2.2
           Apr        90.9                 2.7              -1.6       87.9          0.2          -1.8                                              Q3            1.8          4.0          2.3         3.6          0.5       7.6        8.5      2.6
          May         92.5                 2.1               1.8       88.6         -0.7           0.8                                              Q4            1.3          5.5          1.5         3.5          2.4       7.1       11.6      1.3
         June         92.2                 2.1              -0.3       88.6         -0.8           0.0    103.1        1.2        0.5          2011 Q1            0.2          5.8          0.9         2.7          1.3       7.6        9.8      1.6
          July        92.3                 2.3               0.1       88.4         -0.6          -0.2                                              Q2           -0.4          5.7          1.1        -4.3          0.5       9.5        4.1      0.6
1                                                                                                                                        1
    Quarterly data are shown against the last month of the quarter.                                                                          Non-profit institutions serving households.
2                                                                                                                                        2
    Percentage change on a year earlier.                                                                                                     Gross fixed capital formation.
3                                                                                                                                        3
    Percentage change latest 3m on same 3 months a year earlier                                                                              Goods and services.
                                                                                                                                         4
                                                                                                                                             GDP at constant (2006) market prices


                                                                                4                                                                                                                     5
                                               TABLE 4 - UK INVESTMENT AND PRODUCTIVITY                                                                                                          TABLE 5 - UK CONSUMER INDICATORS

                                                  INVESTMENT 1                                                     PRODUCTIVITY                                                                                                                  GfK
                                                                                                                                                                                                                                                         HH saving
                                                                                                                                                                                                                                                                             Growth
                       Whole                         Service   Manufacturi                   General      Whole     Manufacturi                                      Retail Sales Volume                    New car registrations1            consumer               RHDI       of
                                      Business 3,4                                                                                                                                                                                                         ratio
                      economy2                        sector      ng                          govt4      Economy 9
                                                                                                                       ng9      Service7                                                                                                      confidence                    consumer
                                                                                                                                                                                                                                                   4,5
                                                     IOYW+                                   RNCZ+                                                           2005=100            YOY%2                      '000s               YOY%2                        %     % change3 YOY%2
                        NPQS            GAO4          JZKG       GAO2                         RNSM            A4YM     LNNX      GGM4                         EAPS                   -                      BCGT                    -                      NRJS     NRJR      VTYK
                                                    % of GDP 5                                                        2006=100                      1991        61.1               -2.1                     1,592                -20.7            -18       10.3       1.9       -
           2005          16.7             9.0          7.2        1.1                            1.8           98.1     96.6       97.0             1992        61.3                0.3                     1,594                  0.1            -16       11.7       2.7       -
           2006          17.1             9.1          7.1        1.0                            1.6          100.0     100.0     100.0             1993        62.9                2.5                     1,778                 11.6            -13       10.8       3.0     3.4
           2007          17.8             9.6          7.5        1.0                            1.3          102.1     103.6     102.3             1994        64.6                2.8                     1,911                  7.5            -12       9.3        1.4     9.1
           2008          16.8             9.5          7.4        1.1                            1.6          101.3     103.9     101.7             1995        64.9                0.4                     1,945                  1.8            -10       10.3       2.6     13.4
           2009          15.0             8.3          6.1        0.9                            1.8           98.1     98.3      100.3             1996        69.2                6.7                     2,025                  4.1             -5       9.4        3.1     15.9
           2010          14.9             8.2          6.3        0.8                            1.7           99.4     104.9     101.2             1997        71.7                3.7                     2,171                  7.2              4       9.6        4.2     17.1
2009                                                                                                                                                1998        73.2                2.1                     2,247                  3.5             -1       7.4        2.1     17.2
             Q3          14.7               7.9              5.8               0.8               2.8          98.1      98.0       99.9             1999        74.8                2.2                     2,198                 -2.2              2       5.2        2.9     15.8
             Q4          14.8               7.8              5.5               0.8               2.7          98.4      99.3      100.9             2000        77.8                4.0                     2,222                  1.1              0       4.7        4.2     14.5
2010                                                                                                                                                2001        81.7                5.0                     2,459                 10.7              1       6.0        4.4     13.4
             Q1          15.3               8.2              6.2               0.8               2.9          99.1     102.9      101.5             2002        86.7                6.1                     2,564                  4.3              3       4.8        2.0     15.9
             Q2          14.6               8.1              6.0               0.8               2.4          99.6     104.8      101.3             2003        89.5                3.2                     2,579                  0.6             -5       5.1        3.0     14.9
             Q3          14.8               8.1              6.3               0.8               2.5          99.6     105.3      101.5             2004        94.8                5.9                     2,567                 -0.5             -3       3.7        1.1     14.2
             Q4          14.8               8.5              6.5               0.9               2.3          99.3     106.5      101.3             2005        96.4                1.7                     2,440                 -5.0             -3       3.9        2.0     12.5
2011                                                                                                                                                2006       100.0                3.7                     2,345                 -3.9             -5       3.4        1.5     7.7
             Q1          14.2               7.6         5.8     0.8       2.5     99.4                                 107.4      101.6             2007       103.7                3.7                     2,404                  2.5             -7       2.6        0.4     6.0
                                               PERCENTAGE CHANGE ON A YEAR EARLIER 8                                                                2008       105.5                1.8                     2,132                -11.3            -29       2.0        1.1     6.3
                        NPQT              GAN8     IOYQ+JZKI GAN6       G93X     A4YN                                  LNNU      GGM5               2009       106.6                1.0                     1,995                 -6.4            -25       6.0        1.1     1.8
           2005           2.4               3.0         5.6     9.3       6.1      1.4                                   4.9       1.1              2010       107.0                0.4                     2,031                  1.8            -18       7.0       -0.8     0.5
           2006           6.4               7.1         4.3    -2.5       2.1        2                                   3.5       3.0                         index         3MonY      MonM                000's                YonY                        %     %change    YonY
           2007           4.0               4.6         6.0     0.8     -13.5      2.1                                   3.6       2.3     2009
           2008          -5.4              -0.9        -1.8     3.1      20.3     -0.8                                   0.3      -0.6               Oct       107.9            2.4            0.6            169                15.7               -13                       0.2
           2009         -10.8             -12.4       -17.0   -17.8      11.5     -3.1                                  -5.4      -1.4               Nov       107.4            2.7           -0.5            158                24.3               -17                       0.1
           2010          -0.8              -0.9         2.4    -6.1      -6.2      1.3                                   6.7       0.9               Dec       107.9            2.5            0.5            151                41.7               -19    6.0       -1.4     0.0
                                                                                                                                           2010
2008                                                                                                                                                 Jan       103.4            0.5           -4.2            145                41.5               -17                       0.0
             Q1            1.4              3.7               1.5               7.8             25.6           0.5       3.8       -0.6              Feb       106.4            0.3            2.9             69                32.7               -14                       0.2
             Q2           -0.9              6.6               3.5               2.7             11.4          -0.1       1.5        0.7              Mar       106.7            0.1            0.3            397                27.3               -15    6.2       2.1      0.2
             Q3           -7.1             -1.4              -2.9               4.7             35.3          -1.0       0.5       -0.8              Apr       106.1            1.2           -0.6            149                22.5               -16                       0.2
             Q4          -12.2             -7.8              -5.5              -8.7             8.1           -2.6      -4.6       -1.6              May       107.1            0.9            0.9            153                20.1               -18                       0.3
2009                                                                                                                                                 Jun       107.5            0.8            0.4            195                11.8               -19    4.4       -2.5     0.2
             Q1          -15.3              -5.6            -11.6             -17.1             14.1          -4.3      -8.7       -0.5               Jul      108.1            1.0            0.6            136                 3.5               -22                       0.4
             Q2          -16.7             -14.9            -23.1             -17.3             9.2           -3.7      -5.7       -2.5              Aug       108.0            0.8           -0.1             55                -3.4               -18                       0.6
             Q3          -11.3             -15.5            -25.1             -32.3             20.8          -3.3      -5.9       -1.1              Sep       107.4            0.6           -0.6            335               -11.0               -20    5.6       -1.3     0.6
             Q4           -9.8             -14.8            -28.3             -28.5             18.3          -1.1      -1.1        0.2              Oct       108.0            0.3            0.6            131               -13.6               -19                       0.9
2010                                                                                                                                                 Nov       108.1            0.3            0.1            140               -12.7               -21                       1.0
             Q1           0.7              -8.3              -8.4             -17.9             17.4           1.2      6.1        0.5               Dec       107.1            0.0           -0.9            124               -17.3               -21    5.1       -1.4     1.3
             Q2           3.6              -0.5               0.9             -15.3              7.3           1.5      6.2        1.1     2011
             Q3           3.5               5.5              12.5              9.4              -5.7           1.5      7.4        1.1               Jan       108.6            1.6            1.4            129               -13.6               -29                       1.1
             Q4           2.7               7.6              19.1              11.5             -7.6           0.9      7.3        0.4               Feb       107.4            1.7           -1.1             63               -13.4               -28                       1.4
2011                                                                                                                                                 Mar       107.4            2.2            0.0            366                -8.7               -28    4.6       -2.7     1.4
             Q1          -4.3              -6.7              -2.2              4.7               -7.1          0.3      4.4        0.2               Apr       108.6            1.3            1.1            138                -7.7               -31                       1.6
1
    Not all sectoral components are shown: excludes investment by National Health Trust hospitals and sales                                          May       107.4            1.1           -1.1            150                -6.4               -21                       2.0
less purchases of land and existing buildings.                                                                                                       Jun       108.1            1.1            0.7            183                -5.2               -25     -         -       2.0
2
    Includes transfer costs of land and existing buildings for the whole economy.                                                                     Jul      108.3            0.3            0.2            132                -4.0               -30                       1.9
3
    Private sector plus public corps' (excl. NHS Trust hospitals) non-residential fixed investment.                                                  Aug       108.1            0.3           -0.2             59                -3.3               -31                       2.2
4
    Excluding purchases less sales of land and existing buildings.                                                                                   Sep         -               -              -               -                  -                -30     -         -        -
5                                                                                                                                          1
    As a percent of GDP at current market prices (YBHA).                                                                                       Source SMMT, Not seas. Adj.
7                                                                                                                                          2
    Output per hour                                                                                                                            Period on Period. Monthly growth rate is latest 3 months compared to same 3 months a year earlier.
8                                                                                                                                          3
Constant market prices.                                                                                                                        Real household disposable income (2006 prices): % change on a year earlier
9                                                                                                                                          4
Whole economy output per worker; Manufacturing output per job.                                                                                 GfK Consumer Confidence Aggregate Level
                                                                                                                                           5
                                                                                                                                           LR average (taken from 1982) is -8 points
                                                                                  6                                                                                                                                         7
                                         TABLE 6 - UK HOUSING INDICATORS                                                                                                  TABLE 7 - BUSINESS SURVEYS

                  Mortgage      Private               Nationwide house                                                                                                                  1
                                                                                    Halifax house prices         Housing                                                          CBI                                                   BCC2
                    loan         sector                     prices
                                                                                                              transactions1
                  approvals     housing                      nsa                              nsa                                                                                           Export
                                                                                                                                                    Business        Total Order                          Output            Service          Manufacturing
                  (sa, '000s) (nsa, '000s)3               % change2                        % change2            sa 000s                                                                     Order
                                                                                                                                                    Optimism           Books                            Expect'ns         Confidence3        Confidence4
         1989       1,439           -                          -                             20.7                1,580                                                                      Books
         1990       1,396         113                          -                               0.0               1,398                   1995            4.0              2.3                  9.0          19.8               43.3                53.3
         1991       1,344         114                          -                              -1.2               1,306                   1996            1.8            -12.0                 -8.6          18.3               57.8                56.5
         1992       1,296          99                        -3.8                             -5.6               1,136                   1997            0.0             -4.0                -25.2          16.8               60.8                51.8
         1993       1,260         117                        -0.8                             -2.9               1,196                   1998          -33.8            -24.0                -45.4          -6.3               42.5                28.8
         1994       1,227         131                         1.3                              0.5               1,274                   1999           -7.0            -25.0                -38.5           4.6               50.5                43.3
         1995       1,191         110                        -1.2                             -1.7               1,135                   2000           -3.0            -14.8                -31.0           4.3               54.3                46.0
         1996       1,146         122                         3.9                              4.5               1,242                   2001          -27.0            -25.6                -33.6          -5.5               47.5                34.0
         1997       1,124         136                        10.9                              6.3               1,440                   2002           -6.3            -27.3                -33.8           4.6               52.8                45.3
         1998       1,100         132                        10.1                              5.4               1,347                   2003          -16.5            -29.0                -32.5          -2.8               46.0                43.3
         1999       1,079         130                         9.2                              7.2               1,469                   2004            6.5             -8.6                -12.8          12.4               51.0                45.3
         2000       1,074         128                        12.9                              9.8               1,433                   2005          -18.5            -21.3                -20.5           3.8               43.5                40.3
         2001       1,088         133                        10.6                              8.5               1,457                   2006           -8.0            -12.7                 -6.9          10.3               39.8                32.0
         2002       1,108         136                        19.7                            17.4                1,586                   2007           -1.5              2.6                 -3.3          15.3               39.8                32.0
         2003       1,130         146                        19.4                            22.4                1,345                   2008          -35.3            -14.1                -14.6          -9.3               39.8                -4.5
         2004       1,170         157                        17.1                            18.3                1,792                   2009          -27.5            -52.1                -44.5         -18.4               39.8                -4.5
         2005       1,196         154                           5.1                              5.7             1,529                   2010          10.8             -23.5                -10.9          10.4               39.8                25.3
         2006       1,223         149                           6.4                              8.3             1,665        2009
         2007       1,246         155                           9.1                              9.4             1,620                    May                             -56                -46             -17
         2008       1,285          75                          -6.1                             -7.9              922                     Jun           -16               -51                -52             -17
         2009       1,284          61                          -8.0                            -10.5              884                      Jul                            -59                -45             -14                 1                   -8
         2010       1,313          79                           0.7                              2.6              885                     Aug                             -54                -48              -5
                  (sa, '000s) (nsa, '000s)3           MonY            MonM             MonY4           MonM     sa 000s                   Sep            10               -48                -46              -2
2009                                                                                                                                      Oct                             -51                -46               4                 9                  21
          Oct       59,218                             1.9             0.8              -4.9           1.8       76,000                   Nov                             -45                -37               4
          Nov       58,818                             2.7             0.7              -1.6           0.4       80,000                   Dec            12               -42                -41              -7
          Dec       55,949              18             5.9             0.4               1.7           0.1       81,000       2010                                                                                              13                  17
2010                                                                                                                                      Jan                             -39                -33                4
         Jan        42,628                              8.6             1.4              5.6            1.0     100,000                   Feb                             -36                -23                7
         Feb        29,721                              9.2            -0.8              3.6           -1.0     65,000                    Mar            24               -37                -18                5
         Mar        40,582              19              9.0             0.2              4.2            0.3     76,000                    Apr                             -36                -16               14               20                  22
         Apr        57,897                             10.5             1.2              6.8            1.1     77,000                    May                             -18                  3               17
         May        53,602                              9.8             0.2              8.7            1.8     72,000                    Jun            10               -23                 -2               15
         Jun        53,900              19              8.7             0.0              5.2           -0.9     76,000                     Jul                            -16                -12                6               16                  26
          Jul       60,422                              6.6            -0.5              4.8           -1.7     76,000                    Aug                             -14                 -1               10
         Aug        55,433                              3.9            -0.7              4.6            0.5     76,000                    Sep            2                -17                 -5               12
         Sep        47,744              22              3.1             0.0              2.6           -3.8     74,000                    Oct                             -28                -21               18                4                  23
         Oct        49,573                             -1.4            -0.8              1.2            1.8     75,000                    Nov                             -15                 -7                4
         Nov        47,647                              0.2            -0.4             -0.7           -0.2     72,000                    Dec            7                 -3                  4               13
         Dec        47,551              20              0.1             0.3             -1.6           -1.1     72,000        2011                                                                                              17                  30
2011                                                                                                                                      Jan                             -16                  0               17
         Jan        31,095                             -1.4            -0.1             -2.4            0.8      69,000                   Feb                              -8                 11               23
         Feb        27,319                             -0.1             0.5             -2.8           -0.9      72,000                   Mar            9                 5                   5               27
         Mar        40,302              18              0.1             0.3             -2.9            0.0      72,000                   Apr                             -11                 -6               22               10                  10
         Apr        57,095                             -1.3            -0.2             -3.7           -1.4      72,000                   May                              -2                 -3               20
         May        47,138                             -1.2             0.3             -4.2            0.4      71,000                   Jun           -16                1                   0               13
         Jun        52,450              19             -1.1             0.0             -3.5            1.5      68,000                    Jul                            -10                 -8                6               10                  22
          Jul       59,706                             -0.4             0.3             -2.6            0.2      70,000                   Aug                              1                   0               13
         Aug        55,372                             -0.4            -0.6             -2.6           -1.2      73,000                   Sep             -                -9                -12                9
                                                                                                                              1
         Sep        55,563              18             -0.3             0.1             -2.3           -0.5      69,000           Taken from the CBI Quarterly/Monthly Industrial Trends Enquiry. Balance is percentage difference between negative and positive responses.
1                                                                                                                             2
    Particulars delivered (sa.) Source: HMRC.                                                                                 Taken from the BCC Quarterly Economic Survey. Balance is percentage difference between negative
2
Changes are yr/yr (annual data) or latest month on the same month a year earlier (monthly data), Halifax                      and positive responses. Fig. shown relates to end of three month survey period.
                                                                                                                              3
annual data seasonally adjusted, Nationwide annual nominal yr/yr seasonally adjusted                                          % balance of confidence in service profitability. LR avg = 30, as from Q1 1989
3                                                                                                                             4
    June represents 3 months to June (England only)                                                                           % balance of confidence in manufacturing profitability. LR avg = 26, as from Q1 1989
4
    These figures are MonY averages, the figures published by Halifax are 3m on 3m Year ago figures
                                                                  8                                                                                                                                9
                                       TABLE 8a - UK LABOUR MARKET: UNEMPLOYMENT                                                                                                          TABLE 8b - UK LABOUR MARKET: EMPLOYMENT

                                                                         Claimant                           Long          Long            LT                                                    Whole economy                                                   Manufacturing
                                                       1                                 2
                       Unemployment (s.a.)                           Unemployment (s.a.)                   Term+5         Term6        Youth7                                       LFS employment1                                  Workforce jobs4        Empt        Unit Wage
                    Level   Change
                                   3
                                        Rate                      Level   Change
                                                                                 4
                                                                                      Rate                   000s          000s         000s                             Rate2            Level     Change3                        Level       Change      Change5     Costs index
                     000s     000s        %                       000s      000s        %                  JLGX +        JLGZ +       AGNC +                               %              000s       000s                          000s          000s        000s       2006=100
                    MGSC               MGSX                       BCJD               BCJE                   JLHD          JLHF         AGND                              MGSU            MGRZ          -                             -             -        ALW9          LNNQ
    1992            2,822      292       9.9                      2,742      474       9.2                     -             -             -                 1991         70.7           26,162      -709                         28,302         -922        -391          88.9
    1993            2,929      107      10.4                      2,877      135       9.7                     -             -             -                 1992         69.0           25,540      -622                         27,824         -478        -214          89.5
    1994            2,676     -253       9.5                      2,599     -278       8.8                     -             -             -                 1993         68.4           25,303      -237                         27,382         -442        -179          89.5
    1995            2,436     -240       8.6                      2,290     -309       7.6                     -             -             -                 1994         68.9           25,504       201                         27,540          158          15          89.9
    1996            2,296     -140       8.1                      2,088     -202       7.1                     -             -             -                 1995         69.5           25,818       314                         27,905          365          95          94.6
    1997            1,988     -308       6.9                      1,585     -503       5.3                     -             -             -                 1996         70.0           26,060       242                         28,103          198         129          99.3
    1998            1,788     -200       6.2                      1,348     -237       4.5                  320.3         186.7         106.9                1997         71.0           26,526       466                         28,629          526          46          101.9
    1999            1,727      -61       6.0                      1,248     -100       4.1                  295.9         148.7          62.0                1998         71.5           26,795       269                         28,827          198          6           105.2
    2000            1,587     -140       5.4                      1,088     -160       3.6                  237.1         120.0          46.3                1999         72.1           27,168       373                         29,220          393        -148          104.4
    2001            1,489      -98       5.1                       970      -119       3.1                  186.7          90.9          37.7                2000         72.5           27,484       316                         29,663          443        -103          102.9
    2002            1,529       40       5.2                       947       -23       3.1                  149.3          59.8          39.2                2001         72.6           27,710       226                         30,022          359        -157          102.8
    2003            1,490      -39       5.0                       933       -14       3.0                  135.7          45.0          40.6                2002         72.7           27,920       210                         30,234          212        -202          104.5
    2004            1,426      -64       4.8                       853       -80       2.7                  128.7          41.7          39.9                2003         72.8           28,182       262                         30,550          316        -182          102.9
    2005            1,467       41       4.9                       862         9       2.7                  116.3          39.9          44.8                2004         72.9           28,480       298                         30,867          317        -164          101.0
    2006            1,674      207       5.4                       945        83       2.9                  139.1          41.6          58.6                2005         72.9           28,770       290                         31,239          372        -144          99.9
    2007            1,654      -20       5.3                       865       -81       2.7                  134.3          40.7          45.6                2006         72.8           29,025       255                         31,596          357        -116          100.0
    2008            1,783      129       5.7                       906        42       2.8                   98.2          25.6          38.0                2007         72.7           29,228       203                         31,824          228         -43          100.2
    2009            2,394      611       7.7                      1,528      622       4.7                  140.4          22.6          80.8                2008         72.7           29,440       212                         32,063          239         -94          103.3
    2010            2,476       82       7.8                      1,497      -31       4.7                  228.5          42.2          95.9                2009         70.9           28,960      -480                         31,466         -597        -224          110.6
2009                                                                                                                                                         2010         70.5           29,043       83                          31,201         -265         -50          107.4
     Sep             2,467            -5             7.9          1,617           10.2               5.0    159.9          22.6           97.6   2009
     Oct             2,480            13             7.9          1,626           9.1                5.0    170.5          23.7          105.1                Aug          70.6             28,867              -33
     Nov             2,455           -25             7.8          1,615          -11.3               5.0    184.8          25.7          109.9                Sep          70.6             28,892               61               31,341          -125       -17          110.0
     Dec             2,449            -6             7.8          1,594          -20.6               4.9    196.7          27.7          112.4                Oct          70.6             28,899               18
2010                                                                                                                                                          Nov          70.6             28,903               36
     Jan             2,435           -14             7.8          1,608           14.2               5.0    212.5          30.8          114.9                Dec          70.4             28,842              -50               31,240          -101       -6           111.0
     Feb             2,491            56             8.0          1,570          -38.5               4.9    220.5          33.4          114.6   2010
     Mar             2,511            20             8.0          1,539          -30.4               4.8    227.7          35.9          111.7                Jan          70.3             28,820              -79
     Apr             2,487           -24             7.9          1,515          -24.6               4.7    234.9          38.2          108.9                Feb          70.2             28,825              -78
     May             2,475           -12             7.9          1,488          -27.1               4.6    236.6          41.0          101.9                Mar          70.3             28,862               20               31,242           2         -44          110.4
     Jun             2,462           -13             7.8          1,469          -18.3               4.6    237.3          43.6           95.8                Apr          70.5             28,969              149
      Jul            2,466             4             7.8          1,465           -3.8               4.6    237.4          46.2           89.2                May          70.5             29,014              189
     Aug             2,453           -13             7.8          1,466            0.7               4.6    236.8          49.2           83.1                Jun          70.7             29,145              283               31,201          -41        -9           106.5
     Sep             2,451            -2             7.7          1,468            1.9               4.6    234.8          51.1           79.7                 Jul         70.7             29,149              180
     Oct             2,499            48             7.9          1,463           -5.2               4.6    229.6          52.3           75.0                Aug          70.8             29,178              164
     Nov             2,495            -4             7.9          1,460           -2.8               4.5    223.3          52.6           72.8                Sep          70.6             29,121              -24               31,182          -19        -19          107.0
     Dec             2,492            -3             7.9          1,455           -5.4               4.5    216.7          52.6           71.5                Oct          70.4             29,092              -57
2011                                                                                                                                                          Nov          70.5             29,122              -56
     Jan             2,518            26             7.9          1,458            3.7               4.5    211.1          53.1           73.1                Dec          70.5             29,159               38               31,233          51          6           105.8
     Feb             2,478           -40             7.8          1,450           -8.5               4.5    206.7          52.8           73.6   2011
     Mar             2,455           -23             7.7          1,456            6.4               4.5    203.5          52.8           75.5               Jan           70.7             29,229              137
     Apr             2,430           -25             7.7          1,473           16.9               4.6    200.6          53.3           78.2               Feb           70.7             29,240              118
     May             2,452            22             7.7          1,496           22.5               4.7    200.1          54.2           81.1               Mar           70.6             29,239               80               31,262          29         -9           106.7
     Jun             2,494            42             7.9          1,527           31.3               4.8    202.8          55.9           85.6               Apr           70.7             29,279               50
      Jul            2,510            16             7.9          1,561           33.7               4.9    210.1          57.8          100.8               May           70.7             29,265               25
                                                                                                                                                            June           70.5             29,169              -70               31,160          -102        6             -
1
    Monthly figures are a 3-month average and are shown against the central month in each period. Annual figures refer to 3 months to May.       1 Seasonally adjusted, Labour Force Survey (age group 16 and over). Monthly figures represent a 3 month
2
    Annual figures are averages for the year; monthly figures refer to the single month indicated.                                               period and are shown against the central month. Annual figures are three months to May.
3                                                                                                                                                2
    For monthly data, current month compared to previous month.                                                                                      For working age (All age 16-59/64)
4                                                                                                                                                3
    Change on previous year (annual data) or previous month (monthly data).                                                                          For monthly data, latest month compared to previous month.
5                                                                                                                                                4
    Claimant count, 25+, over twelve months, UK, sa.                                                                                                 Annual figures are for Q2. Quarterly data are shown against the last month of the quarter.
6                                                                                                                                                5
  Claimant count, 25+, over twenty-four months, UK, sa.                                                                                              Manufacturing employee jobs.
7
  Claimant count, 18-24, 6 months+, UK, sa.
                                                                            10                                                                                                                                               11
                                        TABLE 9 - UK BALANCE OF PAYMENTS (£billion)1                                                                                         TABLE 10 - UK TRADE IN GOODS (VOLUME)1

                     Trade in     Trade in                            Total       Current       Current                                                      EU                                           Non-EU                                 TOTAL
                      goods       services             Total trade   income      transfers      balance   Capital balance                                 % Change                                       % Change                               % Change
                       BOKI         IKBD                  IKBJ        HBOJ         IKBP          HBOP         FNVQ                                 Exports         Imports                        Exports         Imports                Exports         Imports
           1988        -21.6         6.4                  -15.2        -1.3         -3.3          -19.7         0.2                                LGCT             LGDL                          LGEH             LGFA                  BQKU             BQKV
           1989        -24.7         5.9                  -18.9        -2.4         -4.2          -25.5         0.3                 1989               -               -                              -               -                     5.7             8.1
           1990        -18.7         6.6                  -12.1        -4.7         -4.8          -21.6         0.5                 1990               -               -                              -               -                     6.3             0.0
           1991        -10.2         6.3                   -3.9        -5.7         -1.0          -10.6         0.3                 1991               -               -                              -               -                     1.1            -5.3
           1992        -13.1         6.4                   -6.7        -1.1         -5.2          -13.0         0.4                 1992               -               -                              -               -                     2.6             6.6
           1993        -13.1         8.2                   -4.9        -2.5         -5.1          -12.5         0.3                 1993               -               -                              -               -                     3.6             3.7
           1994        -11.1         8.2                   -3.0         1.4         -5.2           -6.8         0.0                 1994               -               -                              -               -                    10.0             4.3
           1995        -12.0         11.2                  -0.9        -0.8         -7.4           -9.1         0.5                 1995               -               -                              -               -                     9.9             6.2
           1996        -13.7         14.3                   0.6        -2.4         -4.5           -6.3         1.3                 1996               -               -                              -               -                     7.6             9.5
           1997        -12.3         16.8                   4.5         0.3         -5.7           -1.0         1.0                 1997               -               -                              -               -                     8.3             9.9
           1998        -21.8         15.0                  -6.8        11.8         -8.2           -3.2         0.5                 1998               -               -                              -               -                     1.2             8.6
           1999        -29.1         15.6                 -13.5        -1.0         -7.3          -21.9         0.7                 1999               -               -                              -               -                     3.2             6.6
           2000        -33.0         15.0                 -18.0         2.0         -9.8          -25.8         1.7                 2000             12.0             7.5                           12.7            11.6                   12.2             9.3
           2001        -41.2         17.2                 -24.0         9.4         -6.5          -21.1         1.3                 2001              4.3             9.4                           -0.6             0.6                    2.1             5.2
           2002        -47.7         19.6                 -28.1        18.3         -8.9          -18.7         0.9                 2002              1.0             9.2                           -3.4            -0.9                   -1.2             4.7
           2003        -48.6         22.6                 -26.0        17.5         -9.8          -18.3         1.5                 2003             -7.0            -0.8                           10.3             5.1                   -0.2             1.8
           2004        -60.9         28.4                 -32.5        17.8        -10.3          -24.9         2.1                 2004             -0.1             4.4                            3.5            10.3                    1.5             7.0
           2005        -68.6         25.7                 -42.8        21.9        -11.8          -32.8         1.5                 2005              5.5             9.9                           12.1             4.1                    8.9             7.0
           2006        -76.3         34.8                 -41.5         8.5        -11.9          -44.9         1.0                 2006             23.3            13.8                           -1.8             6.6                   11.5            10.5
           2007        -89.8         38.8                 -43.0        20.0        -13.5          -36.5         2.6                 2007            -16.7            -8.9                            0.6             5.2                  -10.3            -2.7
           2008        -93.1         39.8                 -37.8        28.0        -14.1          -23.8         3.2                 2008             -3.4            -2.7                            7.7            -0.8                    1.3            -1.8
           2009        -82.4         40.8                 -29.7        20.6        -14.7          -23.9         3.3                 2009            -13.0           -12.9                          -10.0           -12.1                  -12.3           -12.6
           2010        -98.8         41.8                 -49.3        22.9        -19.8          -46.3         3.2                 2010              9.3            10.0                           12.0            13.1                   10.8            11.5
                        Monthly figures                                         Quarterly figures                                              MonY       MonM        MonY        MonM        MonY       MonM         MonY     MonM   MonY    MonM    MonY    MonM
2009                                                                                                                        2009
           Sep           -7.1              4.3             -2.8           5.9       -3.4         -4.6           0.7                  Sep      -13.1         6.7       -12.7        5.8       -14.1         0.7        -15.5     7.7   -14.2    4.0    -14.1    6.5
           Oct           -7.2              4.5             -2.7                                                                      Oct      -11.7        -0.6        -8.1        1.5        -9.7         5.4        -13.5     0.8   -11.4    2.2    -10.7    1.2
           Nov           -6.9              4.6             -2.3                                                                      Nov       -8.4         1.1        -2.7        1.1        -5.5        -0.1        -11.6    -3.9    -7.6    0.5     -7.0   -1.2
           Dec           -7.2              4.7             -2.4           7.6       -3.3         -3.1           0.9                  Dec       -4.8        -0.7         4.2        3.2        -0.3         6.1         -9.9     8.1    -3.1    2.5     -2.8    5.4
2010                                                                                                                        2010
           Jan           -8.2              4.6             -3.7                                                                      Jan       -4.5        -1.3       9.0          -3.3       5.7        -12.7        -7.1      0.7   -0.1    -6.9    0.9     -1.3
           Feb           -6.6              4.3             -2.2                                                                      Feb       -0.3         3.5       10.2         -1.1       7.6         13.1        -0.2      0.4    3.4     8.1    5.0     -0.4
           Mar           -7.9              3.8             -4.1           4.0       -4.4         -10.3          1.1                  Mar        3.2         0.4       11.1          4.7       9.0         -0.2         4.3      3.0    6.0     0.0    7.8      4.0
           Apr           -7.9              3.6             -4.2                                                                      Apr        8.0         1.8       12.7          0.2       8.7          0.1         6.2     -2.5    8.5     1.1    9.5     -1.2
           May           -7.9              3.8             -4.0                                                                      May       12.4         3.7       16.0         -1.3       8.6         -1.3         9.3      2.8   10.7     1.3    12.8     0.8
           Jun           -7.3              3.8             -3.5           5.2       -4.3         -10.9          0.8                  Jun       15.0         2.6       14.1         -2.6       13.4         8.6        12.7      3.8   14.3     5.3    13.5     0.3
            Jul          -8.6              4.1             -4.5                                                                       Jul      13.7        -5.0       12.3          2.2       18.0         1.4        18.1      3.7   15.8    -2.0    15.2     3.0
           Aug           -8.6              4.2             -4.4                                                                      Aug       12.5         2.4       11.3          2.5       19.7        -4.4        20.2     -2.8   15.9    -0.8    15.5    -0.2
           Sep           -8.6              4.2             -4.4           6.2       -4.9         -12.0          0.5                  Sep        7.7        -3.7       9.3          -2.6       18.4         3.3        18.3     -0.4   12.8    -0.4    13.6    -1.6
           Oct           -8.4              4.3             -4.0                                                                      Oct       10.6         8.2       7.6           3.0       13.3         7.2        16.8      0.7   11.9     1.6    11.9     1.9
           Nov           -8.9              4.2             -4.7                                                                      Nov        9.3        -0.6       5.7           2.3       12.1         8.2        16.6      3.4   10.6     1.9    10.8     2.8
           Dec           -9.9              4.4             -5.5           7.4       -6.2         -13.0          0.8                  Dec       11.8        -0.6       5.9           1.1       7.9          9.2        17.3      2.4    9.9     0.0    11.2     1.6
2011                                                                                                                        2011
            Jan          -7.7              4.4             -3.3                                                                      Jan       12.5         2.5        6.9          0.3       14.8       10.2         15.6     -5.2   13.6     4.0    10.9    -2.3
           Feb           -6.9              4.7             -2.2                                                                      Feb       10.8        -4.8        7.3         -1.8       18.5       11.2          9.8     -4.0   14.4     1.4    8.4     -2.8
           Mar           -7.7              4.8             -2.9           4.6       -5.5         -9.4           0.6                  Mar       10.7         4.6        6.5         -0.6       20.3       12.2          5.0      0.5   15.1    -2.9    5.8     -0.1
            Apr          -7.3              4.5             -2.8                                                                      Apr       7.2         -3.6        3.1         -3.7       13.4       13.2          2.9     -1.6   10.1    -3.2    3.0     -2.7
           May           -8.5              4.4             -4.1                                                                      May       7.3          5.6        2.8          7.1       8.5        14.2          2.9      4.2   7.9      2.6    2.8      5.7
          June           -8.9              4.4             -4.5            -         -             -             -                   Jun       3.1         -5.7        2.3         -8.0       3.7        15.2          1.8     -1.6   3.5     -4.4    2.1     -5.0
           July          -8.9              4.5             -3.5                                                                       Jul      4.4          5.1        4.4          5.9       0.4        16.2         -0.5      0.6   2.6      3.8    1.9      3.3
1                                                                                                                           1
    Trade with whole world. Minus signs denote deficits.                                                                        Total goods exports and imports. Annual data is percentage change on a year earlier
                                                                                                                            Monthly growth rate is latest 3 months compared to same 3 months a year earlier
                                                                                                                            Import figures for trade in goods include adjustments to allow for the impact of VAT MTIC fraud.
                                                                                                                            The adjustments to trade in goods relate only to part of the carousel version of VAT MTIC fraud.


                                                                     12
                                              TABLE 11a - UK PUBLIC SECTOR FINANCES                                                                                                     TABLE 11b - UK PUBLIC SECTOR FINANCES

                                 FINANCIAL YEAR PUBLIC SECTOR BORROWING FIGURES (£ billion)
                           Surplus on current          Net             Net cash       Net debt                                                                                             PUBLIC SECTOR NET BORROWING1
                                budget1            borrowing1        requirement        £Bn1                                                                                                           (£bn) (J5II)
                                 ANMU                ANNX               RURQ           HF6W                                                                 2003-04        2004-05        2005-06 2006-07 2007-08 2008-09                           2009-10     2010-11     2011-12
     1990-91                        1.9                -5.8               -0.9         151.1                                                      Apr          0.2            1.1           -0.9      1.3        -0.6  1.6                            9.0          7.4         8.6
     1991-92                      -11.9               -22.6               13.8         165.8                                                      May          7.7            7.6            8.5      7.5         8.2 11.9                            17.5        18.5        16.6
     1992-93                      -35.2               -46.7               36.2         201.9                                                      Jun          6.4            6.2            5.8      5.9         6.0  7.4                            14.9        13.6        14.0
     1993-94                      -41.7               -51.0               46.1         249.8                                                       Jul        -0.8           -2.7           -2.1     -6.5        -6.1 -5.3                            6.0          3.5        -2.4
     1994-95                      -33.5               -43.3               36.7          290                                                       Aug          5.3            7.1            5.5      6.6         8.0  9.5                            14.1        14.4        15.9
     1995-96                      -24.6               -34.7               31.5         322.1                                                      Sep          2.9            4.9            5.1      6.0         5.1 12.4                            15.5        15.7
     1996-97                      -21.7               -27.1               22.6         347.2                                                      Oct         -0.7           -2.3           -0.6     -3.3        -2.4  0.1                            10.3         8.0
     1997-98                       -0.9                -5.8                1.2          352                                                       Nov          6.0            9.5           10.6      8.8        10.3 15.5                            17.8        20.7
     1998-99                       10.4                 4.5               -6.1         350.7                                                      Dec          7.1            6.6            7.7      6.5         7.1 16.8                            20.9        16.3
     1999-00                       21.0                15.5               -8.1         344.4                                                      Jan         -4.0           -8.7          -11.2    -10.5       -14.3 -2.2                            1.3         -4.2
     2000-01                       23.4                18.3              -36.5         311.1                                                      Feb         -1.5            1.9            1.4     -0.1         0.7  8.6                            9.5          9.8
     2001-02                       12.1                 0.2                4.0         314.3                                                      Mar          4.3            8.6            7.7      8.6        11.6 20.0                            19.8        18.3
     2002-03                      -11.3               -25.1               24.5          346                                                      Total        32.9           39.8           37.5     30.8        33.7 96.4                           156.5       142.0       52.7
     2003-04                      -17.4               -33.0               38.4         381.5
     2004-05                      -19.2               -39.8               38.4         422.1
                                                                                                                                                                                 PUBLIC SECTOR SURPLUS ON CURRENT BUDGET
     2005-06                      -14.0               -37.4               40.4         461.7
     2006-07                       -5.0               -30.9               35.0         497.8                                                                                            (£bn) (JW2T)
     2007-08                       -4.8               -33.7               27.0         527.2                                                              2003-04 2004-05 2005-06 2006-07       2007-08                                 2008-09     2009-10     2010-11     2011-12
     2008-09                      -49.8               -96.4              197.6         606.8                                                      Apr            0.5     -5.9      2.2     0.5        0.8                                    -0.8        -6.1        -5.5       -7.6
     2009-10                     -107.2              -156.5              167.4         760.3                                                      May           -6.9     -6.5     -8.0    -6.4       -7.4                                  -10.5        -14.5      -16.1       -14.4
     2010-11                     -100.9              -141.1                2.0         903.4                                                      Jun           -5.7     -5.0     -5.3    -5.0       -5.1                                    -5.9       -14.9      -11.1       -11.9
                                              HISTORICAL DATA (per cent of money GDP)                                                              Jul           1.9      3.5      3.7     8.1        8.2                                     7.5        -3.8        -0.2        4.3
                                                                                             Total                       GG     Money             Aug           -4.3     -6.0     -3.8    -5.3       -6.2                                    -7.6       -11.0      -11.6       -13.8
                   Current                        Net cash     Net PS                       Current         Maast.      Gross   GDP               Sep           -1.8     -3.7     -3.6    -4.1       -3.5                                    -6.8       -11.7      -12.8
                   Bdgt1,2        Net borr.   1
                                                    req't       Debt1          TME   3
                                                                                            Receipts        Deficit4     Debt   (£bn)5            Oct            1.7      3.2      2.5     4.1        4.4                                     2.2        -7.1        -4.7
                   ANMU            ANNX            RURQ                                     ANBT /                     YEQG /                     Nov           -4.8     -7.9     -8.3    -7.0       -8.3                                  -13.1        -14.5      -17.4
                                                                HF6X                                       -MDUK                BKTL
                   /BKTL           /BKTL           /BKTL                                     BKTL                       BKTL                      Dec           -6.0     -5.0     -5.5    -4.1       -4.8                                  -11.6        -12.8      -13.3
     1990-91          0.3            -1.0            -0.1        26.2           39.4          38.4             1.5       32.9   576.8             Jan            6.7    12.0     14.1     13.4       17.0                                   10.3          3.7         9.2
     1991-92         -2.0            -3.7             2.3        27.4           41.9          38.1             3.8       34.4   607.3             Feb            3.4      1.7      2.1     3.3        3.9                                    -2.0        -3.8        -4.5
     1992-93         -5.6            -7.4             5.8        31.4           43.7          36.3             7.5       41.0   627.2             Mar           -2.0     -5.0     -4.0    -2.7       -3.9                                  -12.2        -11.6      -10.1
     1993-94         -6.3            -7.7             6.9        36.5           43.0          35.4             7.9       45.8   665.0            Total      -17.4    -24.6    -14.0    -5.0       -4.9                                   -50.5       -108.0      -98.1       -43.5
     1994-95         -4.8            -6.2             5.2        40.1           42.5          36.4             6.6       48.9   703.1
                                                                                                                                                                                                                                          2
     1995-96         -3.3            -4.7             4.2        41.9           41.8          37.2             5.2       51.3   744.1                                                     PUBLIC SECTOR NET DEBT
     1996-97         -2.7            -3.4             2.9        42.5           39.9          36.4             3.9       51.0   792.4                                             (AT THE END OF THE MONTH, % GDP) (HF6X)
     1997-98         -0.1            -0.7             0.1        40.6           38.3          37.5             1.0       48.0   843.1                       2003-04        2004-05 2005-06 2006-07 2007-08 2008-09 2009-10                                      2010-11     2011-12
     1998-99          1.2             0.5            -0.7        38.4           37.2          37.7            -0.3       45.3   890.3             Apr         30.1           31.8      33.8     35.0    35.5     36.5     43.9                                    53.0        60.2
     1999-00          2.2             1.6            -0.9        35.6           36.3          37.9            -1.2       41.9   944.6             May         30.4           32.1      34.1     35.4    35.9     37.3     45.0                                    53.7        60.7
     2000-01          2.4             1.9            -3.7        30.7           36.8          38.6            -1.5       38.9   989.6             Jun         31.1           32.8      34.9     36.4    36.5     38.4     47.0                                    55.3        61.9
     2001-02          1.2             0.0             0.4        29.7           37.7          37.8             0.2       37.0   1031.5             Jul        30.4           32.2      34.0     35.2    35.4     37.6     46.9                                    55.2        61.4
     2002-03         -1.0            -2.3             2.2        30.8           38.6          36.3             2.5       36.7   1092.1            Aug         30.6           32.3      34.3     35.4    35.8     38.1     47.0                                    55.3        61.4
     2003-04         -1.5            -2.9             3.3        32.1           39.4          36.5             3.2       38.9   1157.4            Sep         31.1           33.0      34.9     36.1    36.2     39.3     48.3                                    56.6
     2004-05         -1.6            -3.3             3.2        34.0           40.5          37.3             3.5       40.1   1214.7            Oct         30.9           32.8      34.5     35.3    35.7     39.2     48.6                                    56.7
     2005-06         -1.1            -2.9             3.2        35.3           41.1          38.2             3.0       42.0   1273.6            Nov         31.3           33.4      35.0     35.8    36.2     40.1     49.4                                    57.6
     2006-07         -0.4            -2.3             2.6        35.9           40.8          38.5             2.6       42.9   1348.4            Dec         32.4           34.5      36.1     36.6    37.2     42.0     51.3                                    59.4
     2007-08         -0.3            -2.4             1.9        36.5           40.9          38.6             2.7       43.6   1423.6            Jan         31.1           33.1      34.2     34.9    35.5     40.7     50.5                                    58.2
     2008-09         -3.5            -6.7           13.8         43.3           44.0          37.2             6.8       55.8   1432.4            Feb         31.0           33.0      34.3     34.8    35.8     41.4     50.9                                    58.5
     2009-10         -7.6           -11.1           11.9         52.8           47.6          36.5            11.4       71.1   1406.2            Mar         32.1           34.0      35.3     35.9    36.5     43.3     52.8                                    60.2
                                                                                                                                         1
     2010-11         -7.0            -9.7             0.2        59.9           47.1          37.2              -         -     1473.0       Previously known as public sector financial surplus/deficit in old system of national accounts
1                                                                                                                                        2
    Excluding financial interventions.                                                                                                       Excluding financial sector interventions
2
    Surplus on current budget.
3
    Total Managed Expenditure.                                                                                                           Following the inclusion of LBG and RBS data in the 25 January 2011 release of the Public Sector Finances, where
4
    Updated by ONS in March and Sept only. May not reflect revisions to national accounts basis data at other times.                     possible, all public sector finance data has now been changed to measures that exclude the temporary impact of
5
    Annual GDP centred on end-March.                                                                                                     financial interventions.


                                                                          14                                                                                                                                         15
                            TABLE 12 - UK, US & EU BASE & EXCHANGE RATES2                                                                   TABLE 13 - UK INTEREST RATES


                                                               BoE                                                                        Three-month rates1                                Long-term      Mortgage
                                                                                                                            Sterling         Differential between UK and…
2005                         Policy rate[%]            Sterling ERI1                Euro/£1   $/£1                          LIBOR              Germany            USA                          rates2       rates3
               4 Aug              4.50                      98.5                     1.44     1.78                          HSAJ                 AJHZ             AFBI                                      AJVT
2006                                                                                                           1990          14.00                 4.76            6.53                        11.72        14.99
               3 Aug               4.75                      102.5                    1.47    1.87             1991          10.94                 1.27            6.72                        10.13        12.72
               9 Nov               5.00                      103.2                    1.49    1.90             1992           7.00                -1.85            3.63                         9.12        10.65
2007                                                                                                           1993           5.31                -0.69            2.00                         7.56         8.09
              11 Jan               5.25                      105.1                    1.50    1.94             1994           6.53                 1.29            0.12                         8.14         7.68
              10 May               5.50                      103.8                    1.47    1.98             1995           6.47                 2.68            0.97                         8.20         8.25
               5 July              5.75                      104.8                    1.48    2.01             1996           6.44                 3.31            0.98                         7.81         7.19
               6 Dec               5.50                       99.7                    1.39    2.03             1997           7.53                 3.91            1.88                         7.05         7.78
2008                                                                                                           1998           6.16                 2.95            1.19                         5.55         8.62
                7 Feb              5.25                      95.8                     1.34    1.94             1999           5.94                 2.66            0.02                         5.10         6.92
               10 Apr              5.00                      92.2                     1.25    1.98             2000           5.81                 0.99           -0.51                         5.33         7.55
                8 Oct              4.50                      90.0                     1.27    1.73             2001           4.03                 0.76            2.23                         4.93         6.81
                6 Nov              3.00                      86.0                     1.24    1.59             2002           3.94                 1.10            2.62                         4.89         5.66
                4 Dec              2.00                      80.1                     1.15    1.48             2003           3.95                 1.86            2.88                         4.53         5.47
2009                                                                                                           2004           4.81                 2.69            2.28                         4.88         6.15
                8 Jan              1.50                      78.7                     1.11    1.52             2005           4.57                 2.10            0.09                         4.41         6.53
                5 Feb              1.00                      79.3                     1.14    1.46             2006           5.26                 1.57           -0.05                         4.50         6.51
                5 Mar              0.50                      78.3                     1.13    1.41             2007           5.95                 1.77            0.23                         5.01         7.44
                                                                                                               2008           2.75                 1.65            0.20                         4.59         6.90
                                                               FED                                             2009           0.55                 1.65            0.27                         3.65         4.05
                                                                                                               2010           0.69                 1.68            0.37                         3.61         3.96
                             Base rate[%]              Sterling ERI1                Euro/£1   $/£1   2009
2007                                                                                                            Aug            1.03                 -0.10                 0.34                  3.71         4.11
              11 Dec               4.25                      100.1                    1.39    2.04              Sep            0.80                 -0.11                 0.02                  3.66         3.93
2008                                                                                                            Oct            0.62                  0.03                 0.19                  3.57         3.91
              22 Jan               3.50                      96.3                     1.34    1.96              Nov            0.56                  0.02                 0.42                  3.76         3.91
              30 Jan               3.00                      96.9                     1.33    1.97              Dec            0.60                  0.05                 0.22                  3.89         3.98
              18 Mar               2.25                      94.2                     1.29    2.01   2010
               1 May               2.00                      93.7                     1.27    1.97              Jan            0.61                  0.09                  0.24                 4.03         3.97
                8 Oct              1.50                      90.0                     1.27    1.73              Feb            0.60                  0.10                  0.46                 4.07         4.08
              29 Oct               1.00                      86.9                     1.27    1.64              Mar            0.60                  0.12                  0.34                 4.08         4.05
              16 Dec               0.00                      79.3                     1.11    1.53              Apr            0.60                  0.09                  0.09                 4.09         4.04
                                                                                                                May            0.60                  0.12                 -0.12                 3.77         3.99
                                                               ECB                                              Jun            0.67                  0.14                 -0.05                 3.57         3.94
                                                                                                                 Jul           0.71                  0.02                  0.11                 3.48         3.92
                             Base rate[%]               Sterling ERI1               Euro/£1   $/£1              Aug            0.75                  0.02                  0.60                 3.20         3.92
2008                                                                                                            Sep            0.75                  0.00                  0.47                 3.11         3.94
                 3 Jul             4.25                      93.2                     1.27    1.99              Oct            0.75                 -0.14                  0.42                 3.06         3.93
                8 Oct              3.75                      90.0                     1.27    1.73              Nov            0.75                 -0.13                  0.47                 3.30         3.91
                6 Nov              3.25                      86.0                     1.24    1.59              Dec            0.75                 -0.09                  0.42                 3.59         3.91
                4 Dec              2.50                      80.1                     1.15    1.48   2011
2010                                                                                                            Jan            0.76                 -0.17                 0.46                  3.71         3.91
               15 Jan              2.00                      78.0                     1.12    1.46              Feb            0.78                 -0.20                 0.61                  3.87         4.02
                5 Mar              1.50                      78.3                     1.13    1.41              Mar            0.78                 -0.33                 0.34                  3.72         4.05
                2 Apr              1.25                      77.6                     1.09    1.47              Apr            0.78                 -0.49                 0.50                  3.75         4.04
                7 May              1.00                      78.9                     1.12     1.5              May            0.80                 -0.53                 0.44                  3.49         3.98
2011                                                                                                            Jun            0.80                 -0.52                 0.71                  3.39         3.98
                7 Apr              1.25                      80.1                     1.14    1.63               Jul           0.85                   -                     -                   3.29           -
                7 Jul              1.50                      77.8                     1.11    1.60              Aug            0.86                   -                     -                   2.76           -
1
    London close on day of trading, sterling index 2005=100 (BoE series: XUDLBK67).                             Sep            0.89                   -                     -                   2.48           -
2                                                                                                    1
    See the latest indicators on page 1 for the latest exchange rates & the £ERI.                    At end of period.
                                                                                                     2
                                                                                                     from May 2007 new BoE series (IUMAMNPY).
                                                                                                     3
                                                                                                     Rate prevailing at end of period, composit banks and building societies, pre-1995 series code AJNL.


                                                                 16                                                                                               17
          TABLE 14 - MONETARY INDICATORS, SHARE & COMMODITY PRICES                                                                      TABLE 15 - WORLD EXCHANGE RATES1

                                                                                              All                       £ ERI2         $ ERI        £/$        £/€        £/Y            €/$     $/Y         €/Y
                     M4          M4 lending       FTSE 100                Oil3            Commodities2          1996     83.6           61.9        1.56       1.25      169.7           1.25   108.8       136.1
                  [YOY%]          [YOY%]                                                    Sterling            1997     96.2           63.8        1.64       1.45      198.3           1.13   121.0       136.6
                   VQJW            VQJU               -             $      £      YoY          -                1998     99.7           66.1        1.66       1.48      216.6           1.12   130.7       146.5
        1989        18.0            21.5            2194.9         17.7   10.8    34.1       97.0               1999     99.1           66.1        1.62       1.52      183.8           1.06   113.7       121.2
        1990        16.3            13.8            2207.2         23.3   12.9    19.1       87.9               2000    100.9           73.6        1.51       1.64      163.0           0.92   107.8       99.5
        1991         7.9             6.4            2478.6         19.9   11.3   -12.2       77.0               2001     99.2           82.3        1.44       1.61      174.9           0.89   121.5       108.8
        1992         4.5             4.2            2584.8         19.3   11.0    -2.7       75.6               2002    100.3           78.2        1.50       1.59      187.9           0.94   125.2       118.1
        1993         2.8             3.6            2994.0         17.2   11.4     4.0       75.8               2003     96.8           63.5        1.63       1.44      189.3           1.13   115.8       131.0
        1994         5.2             5.1            3127.2         15.9   10.3    -9.6       96.1               2004    101.6           52.0        1.83       1.47      198.0           1.24   108.1       134.4
        1995         7.0             9.0            3360.1         16.9   10.7     3.8       104.7              2005    100.4           51.9        1.82       1.46      200.2           1.24   110.1       136.9
        1996        10.0             8.6            3845.3         20.3   13.0    20.9       98.1               2006    101.2           51.0        1.84       1.47      214.1           1.26   116.3       146.1
        1997         9.0             9.0            4694.8         19.3   11.8    -9.2       100.2              2007    103.7           44.7        2.00       1.46      235.6           1.37   117.7       161.3
        1998         5.8             7.8            5667.1         13.3   8.1    -31.7       82.3               2008     91.1           46.2        1.83       1.25      189.4           1.46   103.3       152.4
        1999         5.5             8.7            6312.9         18.0   11.2    38.5       74.4               2009     80.5           55.4        1.56       1.12      146.1           1.39    93.6       130.4
        2000         6.8            11.3            6348.0         28.5   18.9    69.8       76.7               2010     80.4           54.1        1.54       1.17       0.0            1.32    87.7       116.3
        2001         8.0             7.4            5541.1         24.9   17.3    -8.8       71.8        2009
        2002         5.8             9.1            4565.8         25.0   16.6    -3.7       75.0                Jul      83.6         52.17        1.64       1.16      154.7           1.41    94.4       133.0
        2003         6.8             9.5            4029.8         28.5   17.4     4.8       83.3               Aug       83.6         51.00        1.65       1.16      156.8           1.43    94.9       135.4
        2004         8.8            11.5            4519.8         38.0   20.8    19.2       96.9               Sep       81.2         50.72        1.63       1.12      149.0           1.46    91.4       133.1
        2005        10.7            10.7            5167.5         55.2   30.5    46.7       101.1              Oct       79.5         50.27        1.62       1.09      146.2           1.48    90.3       133.8
        2006        13.0            13.2            5940.9         66.1   35.9    17.8       128.9              Nov       81.1         48.65        1.66       1.11      148.0           1.49    89.1       133.0
        2007        12.7            12.8            6425.2         72.7   36.2     0.9       152.6              Dec       80.4         50.35        1.62       1.11      145.9           1.46    90.0       131.1
        2008        12.0            12.7            5356.9         98.5   52.3    44.3       172.5       2010
        2009        12.2             8.2            4593.0         62.7   39.7   -24.1       136.9              Jan       81.0         51.02        1.62       1.13      147.4           1.43    91.2       130.2
        2010          -              9.2            5418.0         80.3   52.0    31.0       170.9              Feb       80.3         53.71        1.56       1.14      140.8           1.37    90.1       123.3
                    MonY            MonY              -             $      £      YoY          -                Mar       77.5         55.66        1.51       1.11      136.5           1.36    90.7       123.1
2009                                                                                                            Apr       79.4         54.96        1.53       1.14      143.3           1.34    93.5       125.5
         Oct         11.7             7.0           5044.6         73.9   45.6   5.0           146.8            May       79.3         59.60        1.46       1.17      134.5           1.25    91.9       115.2
         Nov         9.8              5.8           5190.7         77.6   46.7   30.7          152.9            Jun       81.1         59.21        1.48       1.21      133.9           1.22    90.8       110.8
         Dec         6.7              5.8           5412.9         75.2   46.3   60.2          159.2             Jul      81.4         55.42        1.53       1.20      133.9           1.28    87.5       112.1
2010                                                                                                            Aug       82.6         53.46        1.56       1.21      133.6           1.29    85.4       110.1
         Jan           5.9             6.7          5188.5         77.0   47.7   50.9          164.0            Sep       81.2         53.11        1.56       1.19      131.3           1.31    84.4       110.4
         Feb           4.2             4.7          5354.5         74.8   47.9   57.3          157.7            Oct       79.4         50.33        1.59       1.14      129.7           1.39    81.8       113.7
         Mar           3.3             4.3          5679.6         79.9   53.1   59.1          159.1            Nov       80.9         50.43        1.60       1.17      131.7           1.36    82.6       112.6
         Apr           3.3             3.8          5553.3         85.8   55.9   60.2          164.6            Dec       80.4         52.24        1.56       1.18      129.8           1.32    83.2       110.1
         May           2.3             2.3          5188.4         77.0   52.5   38.6          156.0     2011
         Jun           2.9             2.5          4916.9         75.7   51.3   21.2          151.6            Jan       80.7         51.03        1.58       1.18      130.4           1.34    82.6       110.5
          Jul          2.2             1.5          5258.0         75.4   49.3   22.8          156.2            Feb       81.4         49.37        1.61       1.18      133.2           1.37    82.6       112.8
         Aug           1.9             0.3          5225.2         77.1   49.3   11.4          168.3            Mar       80.2         48.54        1.62       1.15      131.8           1.40    81.6       114.4
         Sep           1.1            -0.2          5548.6         78.4   50.4   20.6          174.1            Apr       79.6         47.34        1.64       1.13      136.2           1.45    83.2       120.3
         Oct          -0.7            -1.0          5675.2         83.5   52.7   15.5          187.5            May       79.7         47.37        1.63       1.14      132.5           1.43    81.1       116.2
         Nov          -1.2            -1.7          5528.3         86.2   54.0   15.6          197.5            Jun       78.8         47.63        1.62       1.13      130.5           1.44    80.5       115.9
         Dec          -1.6            -3.1          5899.9         92.3   59.2   27.6          208.3             Jul      78.7         47.48        1.62       1.13      128.0           1.43    79.2       113.3
2011                                                                                                            Aug       79.6         46.65        1.64       1.14      126.0           1.43    77.0       110.5
         Jan          -1.8            -3.8          5862.9        96.9    61.4   28.8          221.5            Sep       79.2         49.51        1.58       1.15      121.2           1.37    76.8       105.7
                                                                                                         1
         Feb          -1.5            -2.6          5994.0        104.0   64.5   34.7          233.5     Average of daily rates (at London close). Source Ecowin.
                                                                                                         2
         Mar          -1.3            -2.8          5908.8        114.7   71.0   33.7          226.6     New re-based index Jan 2005=100; source Bank of England.
         Apr          -1.0            -1.3          6069.9        123.1   75.2   34.5          228.9                                       Euro Conversion Rates - Eurozone 17 Currencies
         May          -0.3            -1.3          5990.0        114.5   70.1   33.4          217.9                   Austrian Schiling            13.7603            Luxembourg Franc         40.3399
        June          -0.7            -1.1          5945.7        113.9   70.2   37.0          216.7                   Belgian Franc                40.3399            Irish Pound              0.787564
         July         -1.1            -1.4          5815.2        116.8   72.3   46.7          211.7                   Deutschemark                 1.95583            Italian Lira             1936.27
         Aug          -0.6            -0.6          5394.5        109.9   67.2   36.4          208.3                   Dutch Guilder                2.20371            Portuguese Escudo          200.482
         Sep            -               -           5128.5        109.9   69.7   38.3          205.4                   Finnish Markka               5.94573            Spanish Peseta             166.386
1
 The Bank of England no longer publish data on M0 and bankers' operational deposits. This release now                  French Franc                 6.55957            Slovenian Tolar            239.640
covers only separate data for notes and coin in circulation                                                            Greek Drachma                340.750            Maltese Lira                0.4293
2
    "Economist" indices;2000=100, end of month figure.                                                                 Cypriot Pound               0.585274            Estonian Kroon             15.6466
3
    Brent Crude Oil Futures 1-Pos, ICE, Close, change in sterling price                                                Slovak Koruna                 30.126
                                                        18                                                                                                      19
                                                                                            1
                                                        TABLE 16 - WORLD INFLATION                                                                                                      TABLE 16b - WORLD INFLATION

                                                                                                  1      1      1                                      2             2              2                                                                         3
                      EU27         EA           G7            UK              US       J        G      Fr     It     Can                         Sp           Neth            Bel           Den 2          Gr 2        Por 2   Ire 2   Swe 2   Aus 2   BRICs
    1994                -           -           2.3           2.0             2.6     0.7        -      -     4.2    0.2        1994              4.6           -              2.4           1.8            -           5.0     3.0      -       -      541.1
    1995                -           -           2.2           2.6             2.8    -0.1        -      -     5.4    2.1        1995              4.6           -              1.3           2.0           9.2          4.0     2.4      -       -       62.5
    1996                -           -           2.3           2.5             2.9     0.1       1.2    2.1    4.0    1.6        1996              3.6           -              1.8          -14.0          7.9          2.9     2.2     1.0     0.7      18.0
    1997               7.3         1.7          2.1           1.8             2.3     1.8       1.5    1.3    1.9    1.6        1997              1.9          6.3             1.5           2.0           5.4          1.9     1.3     1.8     1.2      6.7
    1998               4.6         1.2          1.3           1.6             1.6     0.7       0.6    0.7    2.0    1.0        1998              1.8          2.7             0.9           1.3           4.5          2.2     2.1     1.0     1.4      7.5
    1999               3.0         1.1          1.4           1.3             2.2    -0.3       0.6    0.6    1.7    1.7        1999              2.2          1.2             1.1           2.1           2.1          2.2     2.5     0.5     1.3      16.0
    2000               3.5         2.2          2.2           0.8             3.4    -0.7       1.4    1.8    2.6    2.7        2000              3.5          2.3             2.7           2.7           2.9          2.8     5.3     1.3     3.0      5.7
    2001               3.2         2.4          2.1           1.2             2.8    -0.8       1.9    1.8    2.3    2.5        2001              2.8          5.1             2.4           2.3           3.7          4.4     4.0     2.7     2.7      5.8
    2002               2.5         2.3          1.3           1.3             1.6    -0.9       1.4    1.9    2.6    2.3        2002              3.6          3.9             1.6           2.4           3.9          3.7     4.7     1.9     2.0      4.5
    2003               2.1         2.1          1.7           1.4             2.3    -0.2       1.0    2.2    2.8    2.8        2003              3.1          2.2             1.5           2.0           3.4          3.3     4.0     2.3     1.3      5.8
    2004               2.3         2.1          2.1           1.4             2.7     0.0       1.8    2.3    2.3    1.9        2004              3.1          1.4             1.9           0.9           3.0          2.5     2.3     1.0     0.1      5.4
    2005               2.3         2.2          2.4           2.0             3.4    -0.3       1.9    1.9    2.2    2.2        2005              3.4          1.5             2.5           1.7           3.5          2.1     2.2     0.8     0.8      4.7
    2006               2.3         2.2          2.4           2.3             3.2     0.2       1.8    1.9    2.2    2.0        2006              3.6          1.7             2.3           1.9           3.3          3.0     2.7     1.5     1.3      4.1
    2007               2.4         2.1          2.2           2.3             2.9     0.1       2.3    1.6    2.0    2.1        2007              2.8          1.6             1.8           1.7           3.0          2.4     2.9     1.7     1.6      5.6
    2008               3.7         3.3          3.2           3.6             3.8     1.4       2.8    3.2    3.5    2.4        2008              4.1          2.2             4.5           3.6           4.2          2.7     3.1     3.3     3.9      7.6
    2009               1.0         0.3         -0.1           2.2            -0.4    -1.3       0.2    0.1    0.8    0.3        2009             -0.2          1.0             0.0           1.1           1.3         -0.9    -1.7     1.9     1.6      4.0
    2010               2.1         1.6          1.4           3.3             1.6    -0.7       1.2    1.7    1.6    1.8        2010              2.0          0.9             2.3           2.2           4.7          1.4    -1.6     1.9     1.7      5.9
2009                                                                                                                            2008
     Feb              1.8           1.2         0.7            3.2            0.1    -0.1        1.0    1.0    1.5    1.4   2009
     Mar              1.4           0.6         0.1            2.9           -0.4    -0.3        0.4    0.4    1.1    1.2         Jan            0.8           1.7            2.1           1.7            2.0          0.1     1.1    2.0     2.5      5.2
      Apr             1.3           0.6        -0.1            2.3           -0.6    -0.1        0.8    0.1    1.2    0.4        Feb             0.7           1.9            1.9           1.7            1.8          0.1     0.1    2.2     2.7      3.7
     May              0.8           0.0        -0.6            2.2           -1.0    -1.1        0.0   -0.3    0.8    0.1        Mar            -0.1           1.8            0.6           1.6            1.5         -0.6    -0.7    1.9     2.0      3.6
     Jun              0.6          -0.1        -0.9            1.8           -1.2    -1.8        0.0   -0.6    0.6   -0.3         Apr           -0.2           1.8            0.7           1.1            1.1         -0.6    -0.7    1.8     2.2      3.4
      Jul             0.2          -0.6        -1.4            1.8           -2.0    -2.2       -0.7   -0.8   -0.1   -0.9        May            -0.9           1.5           -0.2           1.1            0.7         -1.2    -1.7    1.7     1.5      3.4
     Aug              0.6          -0.2        -1.0            1.6           -1.5    -2.2       -0.1   -0.2    0.1   -0.8        Jun            -1.0           1.4           -1.0           0.9            0.7         -1.6    -2.2    1.6     1.6      3.2
     Sep              0.3          -0.3        -1.0            1.1           -1.3    -2.2       -0.5   -0.4    0.4   -0.9         Jul           -1.3          -0.1           -1.7           0.7            0.7         -1.4    -2.6    1.8     1.1      3.6
      Oct             0.5          -0.1        -0.3            1.5           -0.2    -2.5       -0.1   -0.2    0.3    0.1        Aug            -0.7          -0.1           -0.7           0.7            1.0         -1.2    -2.4    1.9     1.3      3.8
     Nov              1.0           0.5         1.0            1.9            1.9    -1.9        0.3    0.5    0.8    1.0        Sep            -0.9           0.0           -1.0           0.5            0.7         -1.8    -3.0    1.4     1.0      3.9
     Dec              1.5           0.9         1.7            2.9            2.8    -1.7        0.8    1.0    1.1    1.3         Oct           -0.6           0.4           -0.9           0.6            1.2         -1.6    -2.8    1.8     0.6      3.9
2010                                                                                                                             Nov             0.4           0.7            0.0           0.9            2.1         -0.8    -2.8    2.4     1.3      4.8
      Jan             1.7          1.0          1.8            3.5           2.6     -1.0       0.8    1.2    1.3    1.9         Dec             0.9           0.7            0.3           1.2            2.6         -0.1    -2.6    2.8     1.9      5.8
     Feb              1.5          0.9          1.5            3.0           2.2     -0.8       0.5    1.4    1.1    1.6    2010
     Mar              2.0          1.6          1.7            3.4           2.4     -0.8       1.2    1.7    1.4    1.4          Jan           0.7            0.4           0.8            1.9            2.3         0.1     -2.4    2.7     1.6      5.9
      Apr             2.1          1.6          1.7            3.7           2.3     -0.8       1.0    1.9    1.6    1.8         Feb            0.4            0.3           0.8            1.8            2.9         0.2     -2.4    2.8     1.3      6.1
     May              2.1          1.7          1.6            3.4           2.0     -0.7       1.2    1.9    1.6    1.4         Mar            2.7            0.7           1.9            2.1            3.9         0.6     -2.4    2.5     1.6      5.8
     Jun              1.9          1.5          1.0            3.2           1.1     -0.7       0.8    1.7    1.5    1.0          Apr           2.4            0.6           2.1            2.4            4.7         0.7     -2.5    2.1     1.6      5.9
      Jul             2.1          1.7          1.2            3.1           1.3     -1.0       1.2    1.9    1.8    1.8         May            2.5            0.4           2.5            1.9            5.3         1.1     -1.9    1.9     1.5      5.9
     Aug              2.0          1.6          1.1            3.1           1.2     -1.1       1.0    1.6    1.8    1.7         Jun            2.1            0.2           2.7            1.7            5.2         1.1     -2.0    1.6     1.2      5.9
     Sep              2.2          1.9          1.1            3.1           1.1     -0.9       1.3    1.8    1.6    1.9          Jul           1.8            1.3           2.4            2.1            5.5         1.9     -1.2    1.4     1.3      5.5
      Oct             2.3          1.9          1.3            3.2           1.2     -0.2       1.3    1.8    2.0    2.4         Aug            1.6            1.2           2.4            2.3            5.6         2.0     -1.2    1.1     1.3      5.4
     Nov              2.3          1.9          1.2            3.3           1.1     -0.3       1.6    1.8    1.9    2.0         Sep            2.8            1.4           2.9            2.5            5.7         2.0     -1.0    1.5     1.5      5.6
     Dec              2.7          2.2          1.5            3.7           1.4     -0.4       1.9    2.0    2.1    2.4          Oct           2.5            1.4           3.1            2.4            5.2         2.3     -0.8    1.6     2.3      6.0
2011                                                                                                                             Nov            2.3            1.4           3.0            2.5            4.8         2.2     -0.8    1.7     2.4      6.2
      Jan             2.8          2.3          1.6            4.0           1.7     -0.6       2.0    2.0    1.9    2.3         Dec            2.9            1.8           3.4            2.8            5.2         2.4     -0.2    2.1     2.7      6.4
     Feb              2.9          2.4          1.9            4.4           2.2     -0.5       2.2    1.8    2.1    2.2    2011
     Mar              3.1          2.7          2.3            4.0           2.7     -0.5       2.3    2.2    2.8    3.3          Jan           3.0            2.0           3.7            2.6            4.9         3.6     0.2     1.4     3.1      6.6
      Apr             3.3          2.8          2.6            4.5           3.1     -0.5       2.7    2.2    2.9    3.3         Feb            3.4            2.0           3.5            2.6            4.2         3.5     0.9     1.2     3.6      6.5
     May              3.2          2.7          2.8            4.5           3.4     -0.4       2.4    2.2    3.0    3.7         Mar            3.3            2.0           3.5            2.5            4.3         3.9     1.2     1.4     3.4      6.8
    June              3.1          2.7          2.8            4.2           3.4     -0.4       2.4    2.3    3.0    3.1          Apr           3.5            2.2           3.3            2.8            3.7         4.0     1.5     1.8     3.3      6.8
     July             2.9          2.5          2.9            4.4           3.6      0.2       2.6    2.1    2.1    2.7         May            3.4            2.4           3.1            3.1            3.1         3.7     1.2     1.7     3.4      6.9
     Aug              2.9          2.5          3.0            4.5           3.8      0.2       2.5    2.4    2.3    3.1        June            3.0            2.5           3.4            2.9            3.1         3.3     1.1     1.5     3.4      7.3
      Oct              -            -            -              -             -        -        2.8     -     3.5     -          July           3.0            2.9           4.0            3.0            2.1         3.0     1.0     1.6     3.7      7.2
1
HICP Index, percentage changes on a year earlier, not seasonally adjusted.                                                       Aug            2.7            2.8           3.4            1.8            1.4         2.8     1.0     1.6     3.4      7.2
2
HICP Index starting points: 1996: EC15, G, 1991: IT, FR, prior to this consumer or                                               Sep            3.0              -             -              -              -           -       -       -       -        -
retail prices used.                                                                                                         Prior to these dates, retail and consumer prices used.
                                                                                                                            3
CPI used unless otherwise stated                                                                                                Brazil, Russia, India, China (BRIC) data is weighted using annual PPP weights.
                                                                                                                            China accounts for approximately 54%.
                                                                              20                                                                                                                                  21
                                                 TABLE 17 - G7 PRODUCTIVITY                                                                                           TABLE 18 - G7 INVESTMENT

                                                                                                                                                                                                                             2
                                                                                                                                              UK            US             J        G         Fr           It     Can     G7
                                             1                2              3           4                4         5
                         UK             US                 J          G                Fr            It       Can                                                             % Share of GDP
                                                         Y-on-Y Growth Rates                                                2000              17.1          17.3         25.2      20.9      18.9         20.4    17.5    19.6
           1987           -              0.3                -          -                1.8           -         -           2001              16.8          16.5         25.2      19.8      18.9         20.3    17.5    18.9
           1988           -              1.6                -          -                2.1           -        1.2          2002              16.8          15.4         24.3      18.3      18.2         20.9    17.1    17.9
           1989           -              0.8                -          -                3.2           -        0.8          2003              16.4          15.4         24.2      17.9      18.3         20.4    17.2    17.9
           1990           -              1.8                -          -                2.7           -       -0.6          2004              16.7          16.1         24.2      17.4      18.7         20.4    17.5    18.2
           1991           -              1.5               3.1         -                1.8           -        0.4          2005              16.7          16.8         24.8      17.3      19.3         20.7    17.9    18.7
           1992           -              4.0              -3.5        9.1               1.0           -        2.4          2006              17.1          17.0         24.6      18.1      20.0         21.1    18.2    18.8
           1993          3.1             0.6              -1.4        1.2               1.9           -        1.6          2007              17.8          16.2         23.9      18.1      20.9         21.2    17.8    18.4
           1994          2.6             1.0               2.6       10.7               0.3          7.9       2.7          2008              16.8          14.9         23.5      18.0      21.3         20.8    17.1    17.8
           1995          1.3             0.4               4.3        4.8               1.7          7.3       1.3          2009              15.0          12.3         22.3      16.6      19.8         19.1    15.0    15.8
           1996          1.9             2.6               3.2        3.5               0.9         -0.6      -0.6          2010              14.9          11.9         21.9      16.7      19.3         19.4    15.3    15.6
           1997          1.5             1.5               5.5        6.9               0.9          4.2       3.3      2008
           1998          3.0             2.9              -3.0        4.2               1.2          0.3       2.4            Q3              16.4          14.8         23.7          17.9        21.4   21.1    17.0    17.2
           1999          2.6             3.3               3.6        1.6               2.0          1.7       3.6            Q4              16.3          14.2         22.9          18.0        20.7   20.1    16.7    16.8
           2000          3.7             3.3               6.9        6.0               0.9          3.8       3.6      2009
           2001          1.3             3.0              -2.9        0.1               0.9         -2.1       1.3            Q1              15.8          13.0         23.1          16.9        20.2   19.5    15.4    15.9
           2002          2.1             4.5               3.8        1.7              -0.4         -2.1       1.9            Q2              14.8          12.2         22.3          16.6        19.9   19.0    14.9    15.1
           2003          2.5             3.7               4.9        2.8               1.7         -2.0       0.1            Q3              14.7          12.1         21.8          16.5        19.6   18.7    14.9    15.0
           2004          1.9             2.6               4.9        5.1               2.2          1.1       0.2            Q4              14.8          11.8         21.8          16.3        19.4   19.0    14.8    14.9
           2005          1.2             1.6               2.2        5.3               1.4          0.1       2.6      2010
           2006          2.3             0.9               3.2        6.7               1.2          0.5       1.3            Q1              15.3          11.6         21.6          16.3        19.1   19.1    15.0    14.7
           2007          2.0             1.5               2.4        5.2               0.9          0.1      -0.3            Q2              14.6          12.0         21.9          16.9        19.3   19.5    15.2    14.9
           2008         -0.5             0.6              -3.0       -2.1               0.8         -0.2      -1.2            Q3              14.8          11.9         21.9          17.0        19.4   19.5    15.5    15.1
           2009         -1.8             2.3             -15.1      -14.9               0.8         -0.8       0.0            Q4              14.8          12.1         22.0          16.8        19.4   19.6    15.5    15.2
           2010          1.0             4.1              12.3       14.4               0.4         -1.1       1.5      2011
2006                                                                                                                                Q1        14.2          12.0        22.1     17.4     19.6         19.7       15.6    15.2
             Q4          2.1             0.8              4.6              6.4         1.2          0.5       -0.4                  Q2        14.4          12.3        22.4     17.3     19.7         19.7       15.9    15.4
2007                                                                                                                                                              Percentage Change on a Year Earlier
             Q1          2.1             0.2              3.1              7.9         1.1           1.0      -0.6          2001               2.7           -1.9       -1.1     -3.0       2.1         2.4        3.0     -0.9
             Q2          1.8             0.9              1.5              5.2         0.5           1.1       0.3          2002               3.6           -4.2       -4.9     -6.1      -1.9         3.7        1.3     -3.1
             Q3          2.0             2.6              2.8              4.4         1.1          -0.3       0.0          2003               1.1            3.5       -0.4     -1.2       2.2        -0.9        6.3      1.9
             Q4          1.9             2.5              2.0              3.5         0.7          -1.2      -0.8          2004               5.1            7.4        1.3     -1.2       3.0         1.5        8.0      4.5
2008                                                                                                                        2005               2.4            6.5        3.2      1.0       4.4         1.4        9.0      4.7
             Q1          0.2             1.9               1.1              2.7         0.6         -0.7      -1.8          2006               6.4            2.4        0.5      8.9       4.2         3.2        7.1      3.5
             Q2          1.0             1.6               0.5              0.5        -0.2         -1.3      -1.5          2007               8.1           -1.9       -1.3      5.0       6.2         1.4        3.1      1.0
             Q3         -0.7             0.3              -1.5             -2.0        -0.6         -1.5      -0.8          2008              -4.8           -7.1       -3.8      1.0       0.1        -3.8        1.2     -4.2
             Q4         -2.4            -1.1             -11.9             -9.4        -1.8         -3.0      -0.5          2009             -13.4          -18.8      -11.6    -11.4      -8.8       -12.0       -16.6   -15.0
2009                                                                                                                        2010               2.6            2.6        0.0      5.2      -1.4         2.3        8.4      2.4
             Q1         -2.1            -0.2             -27.7             -21.3       -3.0         -5.7      -0.3      2009
             Q2         -3.3             1.2             -19.0             -18.8       -2.0         -5.0      -0.4            Q2             -16.7          -22.0       -12.5         -11.5        -9.5   -15.1   -19.4   -18.8
             Q3         -1.9             3.0             -13.0             -13.5       -1.2         -3.1      -0.3            Q3             -11.3          -19.3       -13.2         -11.2        -9.3   -12.5   -18.2   -17.0
             Q4          0.0             5.3              1.5               -4.8        0.4         -0.7       0.8            Q4              -9.8          -14.1        -8.8         -10.1        -7.1    -6.9   -11.9   -12.1
2010                                                                                                                    2010
             Q1          0.9             6.2             22.8              12.3        1.6          2.1       1.9             Q1              0.7           -5.0         -3.6          -0.7        -4.8   -0.9    2.6     -3.8
             Q2          1.5             4.4             15.6              17.4        1.5          2.6       1.5             Q2              3.6            4.0         -0.5           6.5        -1.9    3.2    9.1      3.3
             Q3          1.3             3.3             9.9               13.8        1.0          2.0       1.6             Q3              3.5            4.5          2.9           7.5         0.2    4.2    10.7     4.5
             Q4          0.4             2.5             2.9               14.0        0.8          1.3       0.8             Q4              2.7            7.4          1.3           7.4         1.2    3.0    11.1     5.9
2011                                                                                                                    2011
             Q1          0.3             1.2              -1.9             11.8        1.3          0.7       0.7             Q1              -4.3          7.4          -0.9          12.0        3.7    2.2     10.1    5.4
             Q2           -              0.7              -5.2             6.4         1.3          0.3       0.3             Q2              -0.6          5.0          -1.3          6.2         3.1    0.8     10.0    3.7
2                                                                                                                       1
    Productivity index measured for manufacturing sector only.                                                              Calculated using real values.
3                                                                                                                       2
    Productivity as output per man hour worked in industry.                                                                 Calculated using a weighted average based on market exchange rates.
4
    Productivity as total labour productivity of the whole economy.
5
    Productivity as output per hour worked, business sector.                       Source Ecowin and OECD



                                                                      22                                                                                                                      23
                                                                                                       1                                                                                                                 1
                                       TABLE 19 - WORLD OUTPUT - GROWTH OF REAL GDP                                                                                     TABLE 19 - WORLD OUTPUT - GROWTH OF REAL GDP

                                                                                                  2                                                                                                         4
                   EU27          EA            G7            UK          US          J           G          Fr      It   Can                       Austria       Bel           Fin       Gr        Ire   Lux     Neth      Spa         Por     Swe
        1990          -           -            2.8           0.8         1.9        5.6           -         2.6    2.0    0.2           1985          -           1.8          3.2        -         -      2.8      -        -           -       -
        1991          -           -            1.1          -1.4        -0.2        3.3           -         1.1    1.5   -2.1           1986          -           1.9          2.8        -         -    10.0       -        -           -       -
        1992          -           -            2.1           0.1         3.4        0.9          1.5        1.3    0.6    0.9           1987          -           2.4          3.6        -         -      4.0      -        -           -       -
        1993          -           -            1.3           2.2         2.9        0.1         -1.0       -0.7   -0.9    2.3           1988          -           4.6          5.2        -         -      8.5      -        -           -       -
        1994          -           -            3.1           4.3         4.1        0.9          2.5        2.2    2.3    4.8           1989         3.7          3.6          5.4        -         -      9.8     4.5       -           -       -
        1995          -           -            2.4           3.1         2.5        1.8          1.8        2.2    2.9    2.8           1990         4.2          3.1         -0.9        -         -      5.3     4.2       -           -       -
        1996         1.8          -            2.7           2.9         3.7        2.7          0.8        1.0    1.0    1.6           1991         3.3          1.8         -6.0        -         -      8.6     2.4       -           -       -
        1997         2.7         2.6           3.2           3.4         4.5        1.5          1.8        2.2    1.9    4.2           1992         1.9          1.3         -3.5        -         -      1.8     1.6       -           -       -
        1998         2.9         2.7           2.7           3.8         4.4       -2.2          1.7        3.4    1.3    4.1           1993         0.4         -0.7         -0.8        -         -      4.2     1.3       -           -       -
        1999         3.0         2.8           3.3           3.7         4.8        0.0          1.8        3.2    1.4    5.5           1994         2.2          3.3          3.7        -         -      3.8     3.0       -           -      3.9
        2000         3.9         4.0           3.8           4.5         4.1        2.8          3.3        3.9    3.9    5.2           1995         2.5         24.5          4.0        -         -      1.4     3.3       -           -      4.2
        2001         2.1         2.0           1.2           3.2         1.1        0.2          1.6        1.8    1.7    1.8           1996         1.9          1.2          3.6        -         -      1.5     3.3      2.4         3.7     1.6
        2002         1.2         0.9           1.3           2.7         1.8        0.3          0.0        0.9    0.5    2.9           1997         2.3          3.9          6.2        -         -      5.9     4.3      3.9         4.4     2.9
        2003         1.3         0.7           1.8           3.5         2.5        1.5         -0.4        0.9    0.1    1.9           1998         3.8          1.9          5.0        -        7.8     6.5     3.9      4.5         5.0     4.1
        2004         2.4         2.0           2.9           3.0         3.5        2.7          0.7        2.3    1.4    3.1           1999         3.5          3.5          3.9        -        9.9     8.4     4.6      4.7         4.1     4.4
        2005         2.0         1.8           2.3           2.1         3.1        1.9          0.8        1.9    0.8    3.0           2000         3.7          3.8          5.3        -        9.3     8.4     4.0      5.0         3.9     4.6
        2006         3.4         3.3           2.6           2.6         2.7        2.0          3.9        2.7    2.1    2.8           2001         0.9          0.7          2.3       4.2       4.8     2.5     2.0      3.6         2.0     1.4
        2007         3.1         3.1           2.2           3.5         1.9        2.3          3.4        2.2    1.4    2.2           2002         1.7          1.4          1.8       3.4       5.9     4.1     0.1      2.7         0.7     2.5
        2008         0.4         0.3          -0.3          -1.1        -0.3       -1.2          0.8       -0.2   -1.3    0.7           2003         0.9          0.8          2.0       5.9       4.2     1.5     0.3      3.1        -0.9     2.5
        2009        -4.3        -4.2          -4.2          -4.4        -3.5       -6.3         -5.1       -2.6   -5.2   -2.8           2004         2.6          3.1          4.1       4.4       4.5     4.4     2.0      3.3         1.6     3.7
        2010         1.8         1.8           2.9           1.8         3.0        4.0          3.6        1.4    1.2    3.2           2005         2.4          1.9          2.9       2.3       5.3     5.4     2.2      3.6         0.8     3.2
                                                                 Quarter on Quarter                                                     2006         3.7          2.7          4.4       5.2       5.3     5.0     3.5      4.0         1.4     4.6
2008                                                                                                                                    2007         3.7          2.8          5.3       4.3       5.2     6.6     3.9      3.6         2.4     3.4
2009                                                                                                                                    2008         1.4          0.9          1.0       1.0      -3.0     1.4     1.8      0.9         0.0    -0.8
           Q1       -2.6        -2.7          -2.5          -1.6          -1.7           -4.9   -4.0       -1.5   -3.0   -2.0           2009        -3.8         -2.7         -8.2      -2.3      -7.0    -3.6    -3.5     -3.7        -2.5    -5.1
           Q2       -0.3        -0.2           0.1          -0.2          -0.2            2.0    0.3        0.1   -0.3   -0.9           2010         2.3          2.3          3.6      -4.4      -0.4     3.5     1.6     -0.1         1.3     5.4
           Q3        0.3         0.4           0.3           0.2           0.4           -0.4    0.8        0.2    0.4    0.4                      Brazil 3    Russia 3      India 3   China 3   Arg 3   Mex 3   Nig 3   Australia 3   NZ 3   World 3
           Q4        0.4         0.4           0.9           0.7           0.9            1.6    0.7        0.6    0.0    1.2           1986         7.5           -           4.9       8.8       7.1    -3.1    -8.8      2.1         1.8     3.5
2010                                                                                                                                    1987         3.6           -           4.2      11.6       2.5     1.7   -10.8      4.4         1.7     3.8
           Q1        0.4        0.3           1.0            0.2           1.0            2.3   0.5        0.2    0.6    1.4            1988         0.3           -           8.3      11.3      -2.0     1.3     7.5      4.0         0.3     4.5
           Q2        1.0        0.9           0.8            1.1           0.9           -0.2   1.9        0.5    0.5    0.6            1989         3.2           -           6.8       4.1      -7.0     4.1     6.5      4.4         0.8     3.9
           Q3        0.5        0.4           0.6            0.6           0.6            1.0   0.8        0.4    0.3    0.6            1990        -4.2           -           5.6       3.8      -1.3     5.2    12.8      1.7         0.1     3.2
           Q4        0.2        0.3           0.3           -0.5           0.6           -0.6   0.5        0.3    0.1    0.8            1991         1.0           -           2.1       9.2      10.5     4.2    -0.6     -1.1        -1.7     2.2
2011                                                                                                                                    1992        -0.5           -           4.4      14.2      10.3     3.6     0.4      2.8         0.8     2.2
           Q1        0.7        0.8           0.2            0.4       0.1         -0.9         1.3        0.9    0.1     0.9           1993         4.9         -8.7          4.9      14.0       6.3     2.5     2.1      3.9         5.1     2.1
           Q2        0.2        0.2           0.2            0.1       0.3         -0.5         0.1        0.0    0.3    -0.1           1994         5.9        -12.7          6.2      13.1       5.8     4.8     0.9      4.8         5.8     3.4
                                                              Quarter on Year Earlier                                                   1995         4.2         -4.1          7.4      10.9      -2.8    -6.2    -0.3      3.3         4.4     3.3
2008                                                                                                                                    1996         2.2         -3.6          7.6      10.0       5.5     5.5     5.0      4.3         4.0     3.8
2009                                                                                                                                    1997         3.4          1.4          4.1       9.3       8.1     7.2     2.8      4.2         2.1     4.1
           Q1       -5.2        -5.3          -5.7          -6.9          -4.5           -9.9   -6.8       -3.9   -6.7   -2.6           1998         0.0         -5.3          6.0       7.8       3.9     5.0     2.7      5.1        -0.1     2.6
           Q2       -5.2        -5.1          -5.4          -5.9          -5.0           -7.1   -6.2       -3.2   -6.3   -3.7           1999         0.3          6.4          7.2       7.6      -3.4     3.6     0.5      4.2         4.3     3.6
           Q3       -4.4        -4.2          -4.3          -3.8          -3.7           -6.2   -5.0       -2.7   -4.9   -3.5           2000         4.3         10.0          5.8       8.4      -0.8     6.0     5.3      3.4         4.4     4.8
           Q4       -2.2        -2.1          -1.3          -0.8          -0.5           -1.8   -2.2       -0.7   -3.0   -1.4           2001         1.3          5.1          3.9       8.3      -4.4    -0.9     8.2      2.6         2.7     2.3
2010                                                                                                                                    2002         2.7          4.7          4.6       9.1     -10.9     0.1    21.2      4.0         4.9     2.9
           Q1        0.8        1.0           2.3            0.9           2.2           5.5    2.4        1.0    0.7    2.1            2003         1.1          7.3          6.9      10.0       9.0     1.4    10.3      3.3         4.2     3.6
           Q2        2.1        2.1           3.0            2.2           3.3           3.3    4.1        1.5    1.4    3.6            2004         5.7          7.2          7.6      10.1       8.9     4.0    10.6      3.8         4.5     4.9
           Q3        2.3        2.1           3.4            2.6           3.5           4.8    4.0        1.6    1.4    3.8            2005         3.2          6.4          9.0      11.3       9.2     3.2     5.4      3.1         3.3     4.6
           Q4        2.1        1.9           2.8            1.3           3.1           2.5    3.8        1.4    1.5    3.3            2006         4.0          8.2          9.5      12.7       8.5     5.2     6.2      2.6         1.0     5.3
2011                                                                                                                                    2007         6.1          8.5         10.0      14.2       8.6     3.2     7.0      4.6         2.8     5.4
           Q1        2.4        2.4           1.9            1.6           2.2           -0.7   4.6        2.2    1.0    2.9            2008         5.2          5.2          6.2       9.6       6.8     1.2     6.0      2.6        -0.1     2.8
           Q2        1.7        1.6           1.3            0.6           1.6           -1.1   2.8        1.7    0.8    2.2            2009        -0.6         -7.8          6.8       9.2       0.8    -6.2     7.0      1.4        -2.0    -0.7
1
Percentage change on a year earlier, at constant prices. Source OECD and National Accounts.                                             2010         7.5          4.0         10.1      10.3       9.2     5.4     8.7      2.7         1.7     5.1
2                                                                                                                               3
    Pan Germany after 1991.                                                                                                         Source: IMF, World Economic Outloook Database.
                                                                                                                                4
                                                                                                                                    Source: OECD




                                                                            24                                                                                                                    25
                                                                                                      1                                                                                                       1
                                   TABLE 20 - WORLD GROWTH OF INDUSTRIAL PRODUCTION                                                                  TABLE 20 - WORLD GROWTH OF INDUSTRIAL PRODUCTION

                                                                                                                                                                                                                                     2
                 EU27            EA            G7         UK            US             J        G      Fr       It    Can                     Sp       Neth        Bel      Den      Gre      Por       Ire   Swe     Aus    BRICs
    2000           4.4           4.6           4.4        1.6           4.1           5.5      5.0     3.2     4.3     8.7        1999        2.5       3.0         0.9       0.2     2.0      3.1     14.7    2.1    5.0       -
    2001           0.3           0.3          -3.0       -1.3          -3.4          -6.3      0.4     0.9    -1.2    -4.0        2000        4.5       5.4         5.3       6.9     7.2      0.5     14.4    5.7    9.1      4.7
    2002          -0.3           0.0          -0.5       -1.8           0.2          -1.2     -1.2    -1.3    -1.4     1.6        2001       -1.5       0.5        -0.9       1.5    -1.9      3.1     10.9   -0.4    0.7      0.7
    2003           0.5           0.2           1.1       -0.6           1.3           3.3      0.3    -1.0    -0.7     0.1        2002        0.1       1.0         1.6       0.9     0.8     -1.1      8.2    0.2    2.3      3.5
    2004           2.4           2.3           2.5        1.3           2.3           4.8      3.0     2.0    -0.2     1.7        2003        1.5      -1.0         0.8       0.2     0.3     -1.0      5.7    1.6    0.6      4.6
    2005           1.4           1.5           2.1       -1.7           3.2           1.4      3.8     0.0    -0.7     1.9        2004        1.5       4.1         3.4      -1.4     1.0     -4.2      1.3    4.5    5.7      4.1
    2006           4.1           4.2           2.8        0.2           2.2           4.3      6.2     0.6     3.5    -0.6        2005        0.7       0.4        -0.5       2.5    -0.8     -3.5      4.0    2.2    0.1      2.4
    2007           3.7           3.8           2.7        0.3           2.6           2.8      6.9     1.4     1.8    -0.8        2006        3.9       1.5         5.0       4.1     0.6      3.1      3.1    3.6    9.6      4.1
    2008          -1.7          -1.6          -3.0       -3.0          -3.7          -3.2      0.2    -2.5    -3.5    -5.6        2007        2.0       2.3         2.9      -1.9     2.0     -0.1      5.2    4.0    4.6      5.4
    2009         -13.7         -14.7         -14.4      -10.2         -11.2         -21.3    -17.2   -12.6   -18.8   -10.7        2008       -7.2       1.4        -1.1      -1.1    -0.2     -4.1     -2.2   -3.0    0.8      0.1
    2010           7.0           7.4           8.1        2.2           5.4          16.0     11.6     5.4     6.4     5.8        2009      -15.9      -7.3       -12.8     -15.0    -9.8     -8.3     -4.4  -17.8   -18.1    -1.9
2010                                                                                                                              2010        0.8       7.1         7.1       1.7    -5.8      1.7      7.3    8.6    6.1      5.6
     Apr          7.9            9.4         10.1        1.4           4.7          24.9     14.9    7.4     9.0     5.2     2010
     May          8.8            9.7         10.2        2.6           7.2          19.3     13.2    8.6     8.1     8.7           May        3.2      11.7         7.5       2.6    -4.4      3.3      7.6   12.8   7.5      9.0
     Jun          8.2            8.8         9.7         1.3           7.8          15.9     12.4    5.5     9.6     9.6           Jun        3.2       7.3        11.0       6.8    -4.7      3.1      7.8   12.5   10.1     5.4
      Jul         7.3            7.8         9.3         1.7           7.6          15.0     13.2    5.5     6.6     9.5            Jul       0.8       5.5         5.3       1.8    -7.3      1.1     11.2   14.4   3.7      5.5
     Aug          7.9            8.3         9.1         4.1           6.8          13.5     13.5    3.2     10.6    8.9           Aug        1.0       5.1         7.7      -0.4    -1.5      0.0     11.1   10.3   6.0      3.4
     Sep          6.3            5.9         7.3         3.7           6.3          10.6     9.3     4.1     5.7     5.8           Sep       -0.7       2.4        10.7       9.2   -10.0     -1.9     10.6    9.3   8.2      2.7
     Oct          7.3            7.5         6.9         3.2           6.0          7.4      13.9    3.3     4.0     6.0           Oct       -0.7       6.0        10.1       7.3    -5.7     -2.0      7.6    9.9   10.9     2.8
     Nov          7.5            7.9         6.7         3.2           6.1          6.4      12.6    4.7     5.2     4.4           Nov        2.2       6.8         7.1       4.1    -7.4      0.9     17.2   13.9   7.1      0.1
     Dec          8.5            8.9         7.4         3.6           6.7          6.3      14.3    6.1     6.6     5.8           Dec       -0.2       4.5        11.4       7.2    -4.8      4.3     14.4   11.5   8.9      0.9
2011                                                                                                                         2011
     Jan          6.5            6.2         5.7          4.0          5.8            3.0    13.2    5.5     0.8     6.2           Jan        2.4      -0.2        12.4       8.6    -5.1     -0.1      4.6   10.7   5.4      0.8
     Feb          7.4            7.7         5.5          1.9          5.2            2.8    15.2    5.7     2.7     3.5           Feb        3.2       2.1        11.9       1.2    -4.5      2.8      2.1   17.0   6.3      4.2
     Mar          5.0            5.6         2.2          0.0          5.3          -12.8    12.1    3.2     3.5     4.5           Mar       -0.8       0.7         8.4       0.2    -8.7     -2.0     -0.2   13.5   3.0      1.2
     Apr          5.2            5.1         1.7         -1.2          4.5          -12.2    10.9    2.1     3.8     3.2           Apr       -1.3      -0.8          -        5.6   -10.0     -2.0      4.4   10.5   8.5      0.1
     May          4.1            4.2         1.8         -0.9          3.4           -6.7    9.0     1.9     1.9     0.6           May       -0.6      -1.8          -        7.1   -11.1     -0.2     -0.2    8.0   8.2      0.8
     Jun          2.0            3.0         2.5         -0.3          3.7           -1.9    7.8     2.3     0.3     0.2           Jun       -2.0      -1.1          -       -3.1   -13.4     -2.8     -0.8     -    0.5       -
      Jul          -              -          3.4         -0.7          3.7           -1.8    12.3     -       -       -             Jul        -         -           -         -       -      -4.6       -      -     -        -
                                                                                                                             2
                                                                                                                               BRIC data is weighted using annual PPP weights
                                        TABLE 21 - UNIT LABOUR COSTS IN MANUFACTURING, IN                                                                   TABLE 21 - UNIT LABOUR COSTS IN MANUFACTURING, IN
                                               NATIONAL CURRENCIES (Y-on-Y Growth)                                                                                    NATIONAL CURRENCIES (Y-on-Y Growth)

                 EU27            EA           G7          UK           US              J       G      Fr       It    Can                  Sp       Neth      Bel      Den       Gre       Por        Ire     Swe     Aus       Fin
     1992          7.9           5.0          3.1         3.4          0.8            2.4     6.4     2.6     4.1     1.4        1988     6.7      -0.2      -0.2      5.3      17.3      8.6       -4.1      6.3     1.2      5.4
     1993          6.2           3.3          1.5         0.4          0.8            2.0     3.2     2.5     2.9    -0.5        1989     8.2      -1.3       3.3      3.5      21.8      10.8      -2.7      9.7     2.4      5.8
     1994          5.6           0.2          0.4        -0.8          0.8            1.1    -0.2    -0.1     0.0    -2.1        1990    11.3       2.0       4.7      2.7      21.7      16.5      -2.4     11.4     3.6      9.2
     1995          6.3           1.6          1.6         1.4          0.8           -0.1     1.7     1.3     1.2     0.6        1991     9.7       3.7       5.7      2.0      11.0      15.8       9.4      6.3     5.1      6.0
     1996          7.8           1.5          1.0         1.8          0.8           -1.2    -0.1     1.7     5.2     0.7        1992     7.9       4.1       3.2      0.9      11.2      13.5      -1.5     -0.1     5.0     -1.5
     1997          7.2           0.6          1.4         3.0          0.8            0.7    -1.4     0.4     2.9     1.4        1993     5.5       1.6       4.6      0.9      14.1      7.2        4.5      0.3     4.2     -4.3
     1998          6.0           0.6          2.0         4.6          0.9            0.7     0.3     0.2    -2.0     0.8        1994     0.9      -0.5       0.8     -2.0      10.8      2.4       -2.8      0.9     2.6     -1.9
     1999          6.5           1.5          1.0         2.8          0.9           -1.9     0.7     1.4     2.1     0.2        1995     3.3       0.3       0.2      1.8      13.0      1.7       -7.4      0.1     1.0      2.8
     2000          4.2           1.2          2.1         3.3          0.9           -2.3     0.4     1.3     0.4     3.1        1996     3.8       0.4       0.7      2.5       6.3      3.5       -2.2      4.7    -1.2      0.7
     2001          5.5           2.4          1.8         3.5          0.9           -0.9     0.5     2.7     3.7     2.7        1997     3.7       1.5       0.0      1.6       9.6      4.6       -4.7      0.5    -0.5     -0.9
     2002          4.2           2.5          0.5         2.0          0.9           -2.7     0.6     3.0     4.1     1.1        1998     2.2       3.4       1.5      3.6       6.8      3.9       -3.9      0.3    -0.2      2.2
     2003          2.9           1.9          1.1         2.2          1.0           -2.8     0.5     1.8     3.9     2.7        1999     2.7       2.4       1.6      2.3       5.3      3.3       -5.5     -0.9    -0.2      1.0
     2004          1.4           0.8          0.8         1.7          1.0           -3.5    -0.3     1.2     2.2     2.6        2000     3.4       3.3       0.9      0.7       2.3      4.5       -0.8      5.3     0.1      0.9
     2005          1.7           1.2          1.4         2.6          1.0           -1.1    -1.5     1.7     3.9     2.7        2001     3.4       5.3       4.9      4.7       1.4      3.3       -0.6      5.4     1.4      4.0
     2006          1.6           1.0          2.0         2.3          1.0            0.0    -1.8     1.8     2.5     4.0        2002     3.3       4.9       2.4      3.1      11.8      4.3       -8.0      0.6     0.1      1.2
     2007          2.6           1.7          1.8         2.8          1.1           -2.9    -0.1     1.6     2.5     3.3        2003     3.4       2.6       1.0      2.3       2.3      3.5        2.6      0.5     1.4      0.9
     2008          4.2           3.6          2.3         2.3          1.1            1.4     2.8     3.0     5.3     3.8        2004     2.6      -0.1      -0.2      0.7       3.3      1.7       -0.6     -0.6    -0.6      0.0
     2009          4.3           4.0          1.0         5.9          1.1            2.2     5.2     2.8     4.3     2.6        2005     3.7      -0.6       1.3      2.4       2.6      3.9        7.2      0.3     0.8      2.1
     2010         -0.9          -1.1         -0.9         1.6          1.1           -3.1    -0.7     0.9    -0.5     0.9        2006     3.7       0.7       2.0      2.3       1.5      1.5        0.1     -0.8     1.2      0.3
Source OECD.                                                                                                                     2007     4.4       1.8       2.3      5.0       4.2      1.6       -5.4      4.1     1.4      0.7
1
Percentage changes on a year earlier.                Eurostats data is used in EU27 and EA                                       2008     4.9       3.2       4.6      6.9       4.6      3.7       -1.0      3.6     3.1      5.4
*Estimated                                                                                                                       2009     1.0       5.3       4.2      4.5       6.3      4.4      -10.7      4.6     4.9      7.3
                                                                                                                                 2010    -1.4      -1.2      -0.4     -1.6      -0.5      0.7      -12.9     -1.4     0.2     -1.4
                                                                 26                                                                                                              27
                                       TABLE 22 - WORLD STANDARDISED UNEMPLOYMENT RATES                                                 TABLE 22b - WORLD STANDARDISED UNEMPLOYMENT RATES

                    EU27             EA      G7        UK3    US      J       G1      Fr     It2   Can                     Sp         Neth          Bel         Den   Gre    Por    Ire    Swe   Aus   Fin
         1993         -               -      7.2       10.2   6.9    2.5     7.8     11.0   9.8    11.4       1993        18.4         5.6          8.6         9.5   8.6    5.5    15.6   9.0   4.0   16.2
         1994         -               -      6.9       9.3    6.1    2.9     8.4     11.6   10.6   10.4       1994        19.5         6.2          9.8         7.7   8.9    6.8    14.4   9.3   3.8   16.7
         1995         -             10.5     6.6       8.5    5.6    3.1     8.3     11.0   11.2   9.5        1995        18.4         7.0          9.7         6.8   9.1    7.2    12.3   8.8   3.9   15.1
         1996         -             10.7     6.7       7.9    5.4    3.4     9.0     11.5   11.2   9.6        1996        17.8         6.4          9.6         6.3   9.7    7.2    11.7   9.5   4.3   14.9
         1997         -             10.7     6.5       6.8    4.9    3.4     9.7     11.4   11.2   9.1        1997        16.7         5.4          9.2         5.2   9.6    6.7    9.9    9.9   4.4   12.7
         1998         -             10.2     6.3       6.1    4.5    4.1     9.4     11.0   11.3   8.3        1998        15.0         4.3          9.3         4.9   11.1   5.6    7.6    8.2   4.5   11.4
         1999         -             9.5      6.0       5.9    4.2    4.7     8.6     10.4   10.9   7.6        1999        12.5         3.6          8.5         5.1   12.0   5.0    5.7    6.7   3.9   10.3
         2000        8.8            8.6      5.6       5.4    4.0    4.7     8.0     9.0    10.1   6.8        2000        11.1         3.0          6.9         4.3   11.2   4.5    4.2    5.6   3.6   9.6
         2001        8.6            8.1      5.9       5.0    4.7    5.0     7.9     8.3    9.1    7.3        2001        10.4         2.6          6.6         4.5   10.7   4.6    3.9    5.9   3.6   9.1
         2002        9.0            8.5      6.5       5.1    5.8    5.4     8.7     8.6    8.6    7.7        2002        11.1         3.1          7.5         4.6   10.3   5.7    4.5    6.0   4.2   9.1
         2003        9.1            9.0      6.7       5.0    6.0    5.2     9.8     9.0    8.5    7.6        2003        11.1         4.1          8.2         5.4   9.7    7.1    4.6    6.6   4.3   9.1
         2004        9.2            9.2      6.4       4.7    5.5    4.7     10.5    9.2    8.0    7.2        2004        10.6         5.1          8.4         5.5   10.5   7.5    4.5    7.4   4.9   8.9
         2005        9.0            9.2      6.2       4.8    5.1    4.4     11.2    9.3    7.7    6.8        2005        9.2          5.3          8.5         4.8   9.9    8.6    4.4    7.7   5.2   8.3
         2006        8.2            8.5      5.8       5.4    4.6    4.1     10.2    9.2    6.8    6.3        2006        8.5          4.3          8.3         3.9   8.9    8.6    4.5    7.1   4.7   7.7
         2007        7.2            7.7      5.5       5.3    4.6    3.9     8.8     8.4    6.1    6.1        2007        8.3          3.6          7.5         3.8   8.3    8.9    4.6    6.1   4.4   6.9
         2008        7.1            7.7      5.9       5.6    5.8    4.0     7.6     7.8    6.8    6.2        2008        11.4         3.1          7.0         3.4   7.7    8.5    6.4    6.2   3.8   6.4
         2009        9.0            9.6      8.1       7.6    9.3    5.1     7.7     9.5    7.8    8.3        2009        18.0         3.7          7.9         6.1   9.5    10.6   11.8   8.3   4.8   8.2
         2010        9.7            10.1     8.2       7.8    9.6    5.1     7.1     9.8    8.4    8.0        2010        20.1         4.5          8.3         7.4   12.6   12.0   13.7   8.4   4.4   8.4
                                                                                                          2008
2009                                                                                                           Dec        14.9         3.1          7.1         4.1   7.9    8.9    8.5    6.8   4.5   6.9
          Mar         8.6           9.3      7.7       7.1    8.6    4.8     7.7     9.2    7.7    8.1    2009
          Apr         8.8           9.3      7.8       7.3    8.9    5.0     7.7     9.4    7.4    8.2         Jan        15.8         3.1          7.5         4.5   8.8    9.4    9.5    6.9   4.3   7.1
          May         8.9           9.4      8.1       7.6    9.4    5.1     7.8     9.5    7.5    8.5         Feb        16.7         3.2          7.7         4.8   8.8    9.8    10.4   7.7   4.3   7.4
          Jun         9.0           9.6      8.3       7.8    9.5    5.3     7.8     9.5    7.8    8.6         Mar        17.3         3.2          7.8         5.3   8.8    10.1   11.0   7.8   4.6   7.7
           Jul        9.2           9.7      8.3       7.9    9.5    5.5     7.8     9.5    7.9    8.6         Apr        17.6         3.5          7.7         5.9   9.2    10.3   11.5   7.8   4.7   8.0
          Aug         9.3           9.8      8.4       7.9    9.7    5.4     7.9     9.6    8.0    8.7         May        17.9         3.5          7.6         6.1   9.2    10.4   11.8   8.9   4.7   8.2
          Sep         9.4           9.9      8.4       7.9    9.8    5.3     7.8     9.7    8.3    8.2         Jun        18.0         3.6          7.8         6.3   9.2    10.6   12.1   8.4   5.0   8.4
          Oct         9.4           10.0     8.6       7.9    10.1   5.2     7.8     10.0   8.2    8.3          Jul       18.3         3.8          8.0         6.1   9.8    10.9   12.4   8.4   5.0   8.5
          Nov         9.5           10.0     8.4       7.8    9.9    5.3     7.7     10.0   8.3    8.4         Aug        18.6         3.9          8.1         6.1   9.8    11.0   12.6   8.7   5.0   8.6
          Dec         9.5           10.0     8.4       7.8    9.9    5.2     7.6     9.9    8.3    8.5         Sep        18.9         4.0          8.1         6.5   9.8    11.1   12.7   8.7   5.1   8.6
2010                                                                                                           Oct        19.0         4.1          8.0         6.9   10.2   11.2   12.6   8.7   5.1   8.7
          Jan         9.7           10.1     8.3       7.8    9.7    5.1     7.6     10.0   8.4    8.3         Nov        19.0         4.2          8.1         7.1   10.2   11.3   12.7   8.7   4.8   8.7
          Feb         9.7           10.1     8.3       8.0    9.7    5.0     7.5     9.9    8.5    8.2         Dec        19.1         4.4          8.3         7.1   10.2   11.3   12.8   8.9   4.6   8.8
          Mar         9.7           10.1     8.3       8.0    9.7    5.1     7.4     9.8    8.5    8.2    2010
          Apr         9.7           10.2     8.3       7.9    9.8    5.1     7.3     9.8    8.7    8.1         Jan        19.2         4.5          8.4         7.0   11.0   11.6   13.0   8.9   4.5   8.7
          May         9.7           10.2     8.3       7.9    9.6    5.1     7.2     9.8    8.6    8.1         Feb        19.3         4.5          8.4         7.1   11.0   11.6   13.0   8.8   4.5   8.7
          Jun         9.6           10.1     8.1       7.8    9.5    5.2     7.1     9.8    8.3    7.9         Mar        19.5         4.5          8.5         7.3   11.0   11.8   13.2   8.5   4.5   8.6
           Jul        9.6           10.1     8.1       7.8    9.5    5.1     7.0     9.8    8.3    8.0         Apr        19.8         4.5          8.5         7.5   12.2   11.9   13.4   9.1   4.5   8.6
          Aug         9.6           10.1     8.2       7.8    9.6    5.0     6.9     9.8    8.2    8.1         May        20.0         4.5          8.4         7.4   12.2   12.0   13.6   8.6   4.5   8.5
          Sep         9.6           10.1     8.1       7.7    9.6    5.0     6.8     9.7    8.3    8.0         Jun        20.2         4.5          8.4         7.5   12.2   12.0   13.7   8.1   4.5   8.4
          Oct         9.7           10.1     8.2       7.9    9.7    5.1     6.7     9.7    8.5    7.8          Jul       20.3         4.6          8.4         7.3   13.0   12.1   13.7   8.5   4.5   8.4
          Nov         9.6           10.1     8.2       7.9    9.8    5.1     6.6     9.7    8.3    7.6         Aug        20.5         4.5          8.3         7.3   13.0   12.2   13.8   8.2   4.4   8.3
          Dec         9.6           10.0     8.0       7.9    9.4    4.9     6.5     9.7    8.2    7.6         Sep        20.6         4.4          8.2         7.6   13.0   12.3   13.9   8.2   4.3   8.2
2011                                                                                                           Oct        20.6         4.4          8.1         7.7   14.1   12.3   14.1   8.1   4.2   8.1
          Jan         9.5           10.0     7.8       7.9    9.0    4.9     6.4      9.7   8.2    7.8         Nov        20.5         4.4          8.0         7.7   14.1   12.3   14.3   7.8   4.2   8.1
          Feb         9.5           9.9      7.7       7.8    8.9    4.6     6.4      9.7   8.1    7.8         Dec        20.4         4.3          7.7         7.7   14.1   12.4   14.5   7.8   4.2   8.0
          Mar         9.4           9.9      7.7       7.7    8.8    4.6     6.3      9.7   8.1    7.7    2011
          Apr         9.5           9.9      7.7       7.7    9.0    4.7     6.2      9.7   8.0    7.6         Jan        20.4         4.3          7.4         7.7   15.0   12.4   14.3   7.8   4.5   8.0
          May         9.5           10.0     7.7       7.7    9.1    4.5     6.2      9.7   8.1    7.4         Feb        20.6         4.3          7.1         7.6   15.0   12.4   14.2   7.6   4.5   8.0
          Jun         9.5           10.0     7.8       7.9    9.2    4.6     6.1      9.8   8.0    7.4         Mar        20.7         4.2          7.1         7.6   15.0   12.5   14.1   7.7   4.3   8.0
           Jul        9.5           10.0     7.8       7.9    9.1    4.7     6.1      9.9   8.0    7.2         Apr        20.7         4.2          7.2         7.3    -     12.6   14.1   7.4   4.1   7.9
          Aug         9.5           10.0      -         -     9.1     -       -        -     -      -          May        20.8         4.2          7.4         7.4    -     12.6   14.1   7.7   4.2   7.9
Source OECD & EUROSTAT. Figures seasonally adjusted.                                                           Jun        21.0         4.1          7.4         7.3    -     12.5   14.3   7.4   3.9   7.9
1
Pan German figures from 1991 onwards.                                                                           Jul       21.2         4.3          7.5         7.1    -     12.3   14.5   7.4   3.7   7.9
2
    Quarterly data used instead of monthly                                                                Source OECD & EUROSTAT. Figures seasonally adjusted
3
    Source: ONS


                                                               28                                                                                                     29
                           TABLE 23a - WORLD CURRENT ACCOUNT BALANCES                                                                                     TABLE 23b - WORLD CURRENT ACCOUNT BALANCES


                          US                       Japan1                   Euro zone                 UK                                 Canada                            Germany                     France                  China2
                  [$bn]        [%GDP]         [$bn]    [%GDP]           [$bn]     [%GDP]      [$bn]        [%GDP]                         [$bn]           [%GDP]            [$bn]             [%GDP]    [$bn]   [%GDP]   [$bn]     [%GDP]
    1990          -79.0          -1.4          46.6       1.5             0.0        0.1      -37.9          -3.8            1989         -21.8             -3.9              -                   -      -4.8     -0.5    -5.2        -1.1
    1991           2.9            0.0          72.7       2.1           -72.2       -1.2      -18.9          -1.8            1990         -19.8             -3.4              -                   -     -10.0     -0.8    11.3         2.9
    1992          -50.1          -0.8         108.3       2.8           -65.4       -1.0      -23.0          -2.1            1991         -22.4             -3.7            -23.9               -1.3     -6.3     -0.5    12.4         3.0
    1993          -84.8          -1.3         130.0       3.0            12.5        0.2      -18.7          -1.9            1992         -21.1             -3.6            -22.0               -1.1      4.0      0.3     6.4         1.3
    1994         -121.6          -1.7         130.6       2.7             9.2        0.2      -10.4          -1.0            1993         -21.7             -3.9            -19.4               -1.0      9.4      0.7   -11.9        -1.9
    1995         -113.6          -1.5         114.3       2.2            44.6        0.6      -14.3          -1.2            1994         -13.0             -2.3            -30.4               -1.4      8.2      0.6     7.7         1.4
    1996         -124.8          -1.6          65.4       1.4            69.4        0.9       -9.8          -0.8            1995          -4.4             -0.8            -29.4               -1.2     11.0      0.7     1.6         0.2
    1997         -140.7          -1.7          96.8       2.3            90.4        1.4       -1.6          -0.1            1996           3.4              0.5            -13.6               -0.6     20.8      1.3     7.2         0.8
    1998         -215.1          -2.4         119.1       3.1            55.9        0.8       -5.3          -0.4            1997          -8.2             -1.3            -10.1               -0.4     37.2      2.6    37.0         3.9
    1999         -301.6          -3.2         115.5       2.6            23.2        0.3      -35.4          -2.4            1998          -7.7             -1.2            -17.0               -0.8     38.9      2.6    31.5         3.1
    2000         -417.4          -4.2         120.2       2.6           -35.0       -0.6      -38.9          -2.6            1999           1.7              0.3            -28.2               -1.3     45.8      3.1    21.1         1.9
    2001         -384.7          -3.7          87.9       2.1             6.2        0.1      -30.4          -2.1            2000          19.7              2.7            -34.1               -1.8     19.4      1.4    20.5         1.7
    2002         -458.1          -4.3         112.0       2.9            46.5        0.7      -27.9          -1.7            2001          16.3              2.3             0.1                 0.0     23.5      1.8    17.4         1.3
    2003         -520.7          -4.7         136.4       3.2            46.0        0.5      -30.0          -1.6            2002          12.6              1.7             40.9                2.0     17.4      1.2    35.4         2.4
    2004         -630.5          -5.3         172.3       3.7           117.1        1.2      -45.6          -2.1            2003          10.6              1.2             47.6                1.9     13.7      0.8    45.9         2.8
    2005         -747.6          -5.9         166.8       3.7            47.3        0.5      -59.2          -2.6            2004          22.9              2.3            125.5                4.6     10.6      0.5    68.7         3.6
    2006         -802.6          -6.0         171.2       3.9            52.5        0.3      -83.1          -3.4            2005          21.6              1.9            138.7                5.0    -10.1     -0.5   134.1         5.9
    2007         -718.1          -5.1         210.4       4.8            62.3        0.2      -72.8          -2.6            2006          18.0              1.4            181.2                6.2    -12.3     -0.5   232.8         8.6
    2008         -668.9          -4.7         158.2       3.3           -99.6       -0.7      -43.1          -1.6            2007          11.8              0.8            250.9                7.5    -26.0     -1.0   354.0        10.1
    2009         -378.4          -2.7         142.7       2.8           -68.0        0.0      -37.1          -1.7            2008           8.0              0.4            229.2                6.3    -55.7     -1.9   412.4         9.1
    2010         -470.2          -3.2         195.3       3.6           -10.5        0.2      -56.1          -2.5            2009         -38.6             -2.8            189.6                5.6    -54.4     -2.1   261.1         5.2
2005 Q4          -208.4          -6.5         175.2       4.1            -5.8       -0.2      -17.9          -3.2            2010         -48.5             -3.1            185.1                5.6    -58.1     -2.2   305.4         5.2
2006                                                                                                                2006
      Q1         -197.8          -6.0         172.6         4.0          -10.1         -0.4   -17.3         -3.0               Q1           6.3              2.1              38.2             5.6      -3.6     -0.7
      Q2         -200.6          -6.0         155.1         3.5           -8.2         -0.3   -17.2         -2.8               Q2           3.8              1.2              40.6             5.5      -2.6     -0.5    91.6       6.4
      Q3         -214.4          -6.4         167.8         3.8           -2.4         -0.1   -23.4         -3.7               Q3           3.9              1.2              37.8             5.1      -3.8     -0.7
      Q4         -187.8          -5.5         189.1         4.4            6.2          0.2   -25.9         -3.9               Q4           4.1              1.3              67.7             8.8      -2.8     -0.5    141.1      8.6
2007                                                                                                                2007
      Q1         -197.7          -5.7         203.3         4.7           8.5           0.3   -23.0         -3.4               Q1           2.9              0.9              59.8             7.5      -3.4     -0.6
      Q2         -187.6          -5.4         206.2         4.8           6.5           0.2   -17.2         -2.5               Q2           5.2              1.5              55.0             6.7      -5.5     -0.9    162.9      10.0
      Q3         -169.0          -4.8         212.4         4.9           7.9           0.3   -24.1         -3.3               Q3           1.5              0.4              56.2             6.6      -5.8     -0.9
      Q4         -156.1          -4.4         219.7         4.8          -14.2         -0.4    -8.8         -1.2               Q4           2.3              0.6              79.7             8.9     -11.6     -1.7    191.1      10.1
2008                                                                                                                2008
      Q1         -177.2          -5.0         229.3         4.7          -56.6         -1.7    -4.2         -0.6               Q1           5.7               1.5             70.4             7.4      -9.2     -1.2
      Q2         -175.3          -4.9         171.3         3.5          -41.0         -1.2   -12.8         -1.8               Q2           4.3               1.1             63.9             6.6     -16.4     -2.2    191.7      9.6
      Q3         -173.6          -4.8         135.9         2.9          -64.0         -2.0   -13.9         -2.1               Q3           2.8               0.7             45.5             5.0     -15.6     -2.2
      Q4         -151.0          -4.3          96.2         1.9          -48.8         -1.7   -11.9         -2.2               Q4          -6.3              -1.9             48.6             6.1      -9.0     -1.4    220.7      9.1
2009                                                                                                                2009
      Q1          -95.3          -2.7          91.5         1.8          -27.8         -1.0    -6.7         -1.3               Q1          -5.3              -1.8             32.1             4.3     -11.0     -1.8
      Q2          -82.8          -2.4         148.8         3.1          -10.9         -0.4   -18.1         -3.3               Q2         -10.2              -3.1             36.1             4.4     -10.5     -1.6    134.5      7.5
      Q3          -97.9          -2.8         153.6         3.1           1.1           0.0    -7.6         -1.3               Q3         -13.8              -3.8             46.4             5.4      -5.2     -0.8
      Q4         -100.6          -2.9         176.9         3.4           1.7           0.1    -5.1         -0.9               Q4         -11.2              -3.0             74.1             8.4     -12.3     -1.8    126.6     5.2
2010                                                                                                                2010                                                                                                 [$bn]   [%GDP]3
      Q1         -118.3          -3.3         201.2         3.8           -7.5         -0.3   -16.0         -2.9               Q1          -8.3              -2.3             47.2             5.7      -8.3     -1.3     36.5     3.0
      Q2         -120.3          -3.3         171.1         3.3          -15.3         -0.6   -16.3         -3.0               Q2         -13.4              -3.5             35.9             4.6      -8.8     -1.5     65.1     4.8
      Q3         -120.1          -3.3         204.9         3.7          -10.5         -0.4   -18.7         -3.3               Q3         -17.2              -4.3             41.5             5.1     -11.2     -1.8    101.7   [%GDP]3
      Q4         -112.2          -3.0         204.1         3.6          -23.6         -0.8   -20.4         -3.5               Q4         -10.1              -2.4             62.3             7.4     -16.5     -2.5    102.1     5.2
2011                                                                                                                2011
      Q1         -119.6          -3.2         159.7         2.8          -22.1         -0.7   -15.1         -2.5               Q1         -10.3              -2.5             49.0             5.6     -16.1     -2.4    28.8       2.0
      Q2         -118.0          -3.1         149.1         1.6          -26.8         -0.9     -             -                Q2         -16.0              -3.6             39.6             4.3     -20.1     -2.8    59.0       3.5
Sources: Ecowin and OECD                                                                                            Current prices seasonally adjusted
Current prices seasonally adjusted.                                                                                 Annual data taken from OECD Economic Outlook
Annual data taken from OECD Economic Outlook - UK series does not include Dec 07 revisions                          Quarterly Data taken From national accounts
                                                                                                                    2
Quarterly data taken from national accounts                                                                         Prior to 2010, Semiannual data is calculated as a % of year to half GDP
1                                                                                                                   3
  Calculated using quarterly data                                                                                   % of GDP taken from NSA Quarterly GDP Data
                                                             30                                                                                                                               31
                   TABLE 24 - WORLD NOMINAL SHORT-TERM INTEREST RATES1                                                        TABLE 26 - WORLD LONG-TERM INTEREST RATES1

                            3
                       G7                UK                 US                  J    Eur    Can
          2005         2.6               4.8                3.6                0.1   2.2    2.9                     G72           UK         US     J      G      Fr        It    Can
          2006         3.7               4.8                5.2                0.3   3.1    4.2        1989         8.2           10.2       8.5   5.2    6.9     8.8      12.8   9.8
          2007         4.2               6.0                5.3                0.7   4.3    4.6        1990         9.0           11.7       8.6   7.0    8.6     9.9      13.5   10.7
          2008         3.3               5.5                3.2                0.8   4.6    3.5        1991         8.3           10.1       7.9   6.3    8.4     9.0      13.2   9.5
          2009         1.0               1.2                1.0                0.6   1.2    0.9        1992         7.5           9.1        7.0   5.2    7.8     8.6      13.3   8.1
          2010         0.6               0.7                0.5                0.4   0.8    1.0        1993         6.2           7.4        5.8   4.3    6.4     6.8      11.2   7.3
2010                                                                                                   1994         6.9           8.0        7.1   4.3    6.8     7.2      10.6   8.4
           Jun          0.7              0.7                0.8                0.4   0.7    1.1        1995         6.7           8.2        6.6   3.4    6.8     7.5      12.2   8.2
            Jul         0.8              0.7                0.9                0.4   0.8    1.1        1996         6.1           7.8        6.4   3.1    6.2     6.3      9.4    7.2
           Aug          0.7              0.7                0.6                0.4   0.9    1.2        1997         5.6           7.0        6.3   2.3    5.7     5.6      6.8    6.1
           Sep          0.6              0.7                0.5                0.4   0.9    1.4        1998         4.4           5.5        5.3   1.5    4.6     4.7      4.9    5.3
           Oct          0.7              0.7                0.5                0.3   1.0    1.5        1999         4.6           5.0        5.6   1.7    4.5     4.6      4.8    5.5
           Nov          0.7              0.7                0.5                0.3   1.0    1.5        2000         5.0           5.3        6.0   1.8    5.3     5.4      5.6    5.9
           Dec          0.7              0.7                0.5                0.3   1.0    1.5        2001         4.3           4.9        5.0   1.3    4.8     4.9      5.2    5.5
2011                                                                                                   2002         4.1           4.9        4.6   1.3    4.8     4.9      5.0    5.3
           Jan          0.7              0.8                0.5                0.3   1.0    1.5        2003         3.6           4.5        4.0   1.0    4.1     4.1      4.2    4.8
           Feb          0.7              0.8                0.5                0.3   1.1    1.5        2004         3.8           4.9        4.3   1.5    4.1     4.1      4.2    4.6
           Mar          0.7              0.8                0.5                0.3   1.2    1.5        2005         3.5           4.4        4.3   1.4    3.4     3.4      3.6    4.1
           Apr          0.7              0.8                0.4                0.3   1.3    1.4        2006         4.0           4.5        4.8   1.7    3.8     3.8      4.0    4.2
           May          0.7              0.8                0.4                0.3   1.4    1.4        2007         4.0           5.0        4.6   1.7    4.2     4.3      4.5    4.3
           Jun          0.7              0.8                0.4                0.3   1.5    1.4        2008         3.5           4.5        3.6   1.5    4.0     4.2      4.7    3.6
            Jul         0.7              0.8                0.4                0.3   1.6    1.3        2009         3.0           3.6        3.2   1.4    3.3     3.6      4.3    3.2
           Aug          0.7              0.9                0.4                0.3   1.6    1.3        2010         2.9           3.5        3.2   1.2    2.8     3.1      4.0    3.2
           Sep          0.8              0.9                0.5                0.3   1.5    1.3    2009
Source Ecowin                                                                                           Aug          3.0           3.7       3.6   1.4    3.3     3.6      4.1    3.5
1
    Three month market rates.                                                                           Sep          2.9           3.7       3.4   1.3    3.3     3.6      4.1    3.4
3
    Weighted G7 Average.                                                                                 Oct         2.9           3.5       3.4   1.3    3.2     3.6      4.0    3.4
                                TABLE 25 - WORLD REAL INTEREST RATES1                                   Nov          2.9           3.7       3.4   1.4    3.3     3.6      4.0    3.4
                                                                                                        Dec          3.0           3.8       3.6   1.3    3.2     3.5      4.0    3.4
                        G7               UK                 US                  J     G     Can    2010
          2005          1.4              2.8                1.8                0.6    1.2    2.8         Jan         3.1           4.0       3.7   1.3    3.3     3.5      4.1    3.5
          2006          1.8              3.7                2.1                0.5    2.5    3.2        Feb          3.1           4.0       3.7   1.3    3.2     3.5      4.1    3.4
          2007          1.1              3.2                0.4                0.8    2.4    3.3        Mar          3.1           4.0       3.7   1.3    3.1     3.4      3.9    3.5
          2008         -2.2             -2.4               -2.9               -0.8   -1.5    3.5         Apr         3.1           4.0       3.8   1.4    3.1     3.4      3.9    3.7
          2009          0.6             -1.5                0.9                1.7    0.6   -1.0        May          2.9           3.7       3.4   1.3    2.8     3.1      4.0    3.4
          2010         -0.8             -2.6               -1.1                1.1   -0.3   -0.6        Jun          2.7           3.5       3.2   1.2    2.6     3.1      4.1    3.3
2010                                                                                                     Jul         2.6           3.4       3.0   1.1    2.6     3.0      4.0    3.2
           Jun         -0.3             -2.5               -0.3                1.1   -0.1    0.1        Aug          2.3           3.1       2.7   1.0    2.4     2.7      3.8    3.0
            Jul        -0.4             -2.4               -0.4                1.4   -0.4   -0.7        Sep          2.3           3.0       2.6   1.1    2.3     2.7      3.9    2.9
           Aug         -0.4             -2.4               -0.6                1.5   -0.1   -0.5         Oct         2.2           3.0       2.5   0.9    2.4     2.7      3.8    2.8
           Sep         -0.5             -2.4               -0.7                1.3   -0.4   -0.6        Nov          2.5           3.2       2.7   1.0    2.6     3.0      4.2    3.0
           Oct         -0.6             -2.5               -0.7                0.5   -0.3   -1.0        Dec          3.9           3.5       3.3   7.2    3.0     3.3      4.6    3.2
           Nov         -0.5             -2.6               -0.5                0.6   -0.5   -0.5   2011
           Dec         -0.8             -3.0               -0.9                0.7   -0.8   -0.9         Jan         2.9           3.6       3.4   1.2    3.0     3.4      4.7    3.3
2011                                                                                                    Feb          3.1           3.8       3.6   1.3    3.2     3.6      4.7    3.4
            Jan        -0.9             -3.2               -1.2                0.9   -0.9   -0.8        Mar          3.0           3.6       3.4   1.3    3.2     3.6      4.8    3.3
           Feb         -1.2             -3.6               -1.7                0.8   -1.1   -0.7         Apr         3.0           3.6       3.4   1.3    3.4     3.7      4.8    3.3
           Mar         -1.6             -3.2               -2.2                0.8   -1.1   -1.8        May          2.8           3.4       3.2   1.1    3.1     3.5      4.7    3.2
            Apr        -2.0             -3.7               -2.8                0.8   -1.4   -1.9       June          2.7           3.2       3.0   1.1    3.0     3.4      4.8    3.0
           May         -2.2             -3.7               -3.1                0.7   -1.0   -2.3        July         2.7           3.1       3.0   1.1    2.8     3.4      5.5    2.9
          June         -2.1             -3.4               -3.0                0.7   -0.9   -1.7        Aug          2.2           2.5       2.3   1.0    2.3     3.0      5.3    2.5
           July        -2.2             -3.6               -3.2                0.1   -1.0   -1.4        Sep          2.0           2.4       2.0   1.0    1.9     2.6      5.5    2.2
           Aug         -2.3             -3.6               -3.3                0.1   -0.9   -1.8   Source Ecowin, OECD
                                                                                                   1
           Sep           -                -                  -                  -    -1.2     -    Based on 10-Year benchmark Government bonds.
1                                                                                                  2
Calculated using nominal rates (Table 24), deflated by inflation rates (Table 16).                 Calculated using a weighted average



                                                              32                                                                                   33
                                                                          1                                                                                                        1
                           TABLE 27a - WORLD STOCK MARKET INDICES                                                                       TABLE 27b - WORLD STOCK MARKET INDICES


                     DOW JONES IND                  NASDAQ COMP           FTSE All Share                              EUROFIRST 300                  NIKKEI 225              DAX 30                 EM MSCI
                     Index     %                   Index      %         Index          %                             Index       %                Index         %      Index          %        Index       %
          1994      3,793.8    7.7                 751.6     5.1        1,574         7.9               1993        481.3       13.8            19,100.0        5.5   1,808.6        10.6         -         -
          1995      4,493.8   18.5                 924.7     23.0       1,648         4.7               1994        534.1       11.0            19,935.9        4.4   2,120.3        17.2         -         -
          1996      5,742.9   27.8                1,165.4    26.0       1,894         15.0              1995        542.1        1.5            17,329.7      -13.1   2,137.9        0.8          -         -
          1997      7,441.1   29.6                1,468.0    26.0       2,238         18.1              1996        643.1       18.6            21,088.4       21.7   2,566.4        20.0         -         -
          1998      8,625.5   15.9                1,793.0    22.1       2,624         17.3              1997        890.3       38.4            18,397.5      -12.8   3,719.1        44.9         -         -
          1999      10,464.9  21.3                2,721.2    51.8       2,918         11.2              1998        1144.4      28.5            15,356.0      -16.5   5,015.1        34.8         -         -
          2000      10,734.9   2.6                3,777.9    38.8       3,048         4.5               1999        1307.9      14.3            16,823.4        9.6   5,341.9        6.5          -         -
          2001      10,189.2  -5.1                2,030.1   -46.3       2,680        -12.1              2000        1600.6      22.4            17,145.0        1.9   7,126.8        33.4         -         -
          2002      9,226.4   -9.4                1,543.9   -24.0       2,221        -17.1              2001        1338.0     -16.4            12,093.6      -29.5   5,614.6       -21.2         -         -
          2003      8,993.6   -2.5                1,643.3    6.4        1,980        -10.9              2002        1060.5     -20.7            10,123.1      -16.3   4,178.8       -25.6         -         -
          2004      10,317.4  14.7                1,987.3    20.9       2,250         13.7              2003        857.9      -19.1             9,311.4       -8.0   3,191.5       -23.6         -         -
          2005      10,547.7   2.2                2,099.0    5.6        2,589         15.0              2004        996.8       16.2            11,179.3       20.1   3,981.1        24.7         -         -
          2006      11,408.7   8.2                2,265.2    7.9        3,022         16.7              2005        1149.4      15.3            12,422.6       11.1   4,677.8        17.5     49,028.5      -
          2007      13,170.0  15.4                2,577.1    13.8       3,306         9.4               2006        1364.6      18.7            16,110.4       29.7   5,887.4        25.9     55,466.3    13.1
          2008      11,252.6 -14.6                2,162.5   -16.1       2,724        -17.6              2007        1541.8      13.0            16,996.3        5.5   7,463.2        26.8     74,356.1    34.1
          2009      8,876.1  -21.1                1,841.0   -14.9       2,328        -14.5              2008        1163.8     -24.5            12,141.8      -28.6   6,216.7       -16.7     67,999.1    -8.5
          2010      10,662.8  20.1                2,347.7    27.5       2,817         21.0              2009        888.0      -23.7             9,346.1      -23.0   5,018.1       -19.3     60,783.4   -10.6
2009                                                                                                    2010        1056.2      18.9            10,006.5        7.1   6,190.2        23.4     77,826.6    28.0
           May      8,398.4               5.1     1,726.1       5.2     2,243         8.6    2009
           Jun      8,593.0               2.3     1,827.0       5.8     2,220        -1.0                Jun        862.5              0.9       9,810.3       5.4    4,930.8           0.9   61,001.3    4.1
            Jul     8,679.7               1.0     1,873.8       2.6     2,232         0.5                 Jul       869.0              0.7       9,691.1      -1.2    4,949.6           0.4   62,409.4    2.3
           Aug      9,375.1               8.0     1,997.2       6.6     2,439         9.3                Aug        950.5              9.4      10,430.4       7.6    5,395.2           9.0   66,778.8    7.0
           Sep      9,635.0               2.8     2,084.7       4.4     2,586         6.0                Sep        987.7              3.9      10,302.9      -1.2    5,584.0           3.5   69,529.8    4.1
           Oct      9,857.3               2.3     2,122.8       1.8     2,651         2.5                Oct        999.5              1.2      10,066.2      -2.3    5,680.0           1.7   72,273.6    3.9
           Nov      10,227.6              3.8     2,143.5       1.0     2,681         1.1                Nov       1,006.1             0.7       9,641.0      -4.2    5,642.2          -0.7   72,860.8    0.8
           Dec      10,433.4              2.0     2,220.6       3.6     2,708         1.0                Dec       1,023.6             1.7      10,169.0       5.5    5,836.6           3.4   74,460.6    2.2
2010                                                                                         2010
           Jan      10,471.2               0.4    2,267.8        2.1    2,768         2.2                Jan       1,045.5              2.1     10,661.6       4.8    5,863.2           0.5   75,550.6     1.5
           Feb      10,214.5              -2.5    2,194.4       -3.2    2,679        -3.2                Feb       1,003.3             -4.0     10,175.1      -4.6    5,586.0          -4.7   72,006.1    -4.7
           Mar      10,677.5               4.5    2,362.2        7.6    2,876         7.3                Mar       1,060.0              5.6     10,671.5       4.9    5,965.0           6.8   75,449.7     4.8
           Apr      11,052.1               3.5    2,475.7        4.8    2,939         2.2                Apr       1,091.1              2.9     11,139.8       4.4    6,215.3           4.2   77,811.2     3.1
           May      10,500.2              -5.0    2,319.2       -6.3    2,695        -8.3                May       1,007.5             -7.7     10,104.0      -9.3    5,966.4          -4.0   72,808.9    -6.4
           Jun      10,159.3              -3.2    2,235.2       -3.6    2,653        -1.5                Jun       1,018.8              1.1      9,786.1      -3.1    6,080.8           1.9   73,397.6     0.8
            Jul     10,222.2               0.6    2,210.3       -1.1    2,665         0.4                 Jul      1,021.0              0.2      9,456.8      -3.4    6,061.3          -0.3   75,006.8     2.2
           Aug      10,350.4               1.3    2,205.3       -0.2    2,723         2.2                Aug       1,044.9              2.3      9,268.2      -2.0    6,122.4           1.0   77,021.9     2.7
           Sep      10,598.1               2.4    2,298.3        4.2    2,846         4.5                Sep       1,072.6              2.6      9,346.7       0.8    6,214.9           1.5   79,664.4     3.4
           Oct      11,044.5               4.2    2,441.3        6.2    2,940         3.3                Oct       1,079.3              0.6      9,455.1       1.2    6,436.3           3.6   83,577.4     4.9
           Nov      11,198.3               1.4    2,531.0        3.7    2,962         0.7                Nov       1,096.1              1.6      9,797.2       3.6    6,744.4           4.8   84,941.6     1.6
           Dec      11,465.3               2.4    2,631.6        4.0    3,040         2.6                Dec       1,127.3              2.8     10,254.5       4.7    6,991.9           3.7   85,511.0     0.7
2011                                                                                         2011
           Jan      11,802.4               2.9    2,717.2         3.3   3,099          1.9               Jan       1,148.6               1.9    10,449.5       1.9    7,039.7         0.7     86,727.0     1.4
           Feb      12,190.0               3.3    2,783.5         2.4   3,122          0.8               Feb       1,169.9               1.9    10,622.3       1.7    7,294.2         3.6     84,072.3    -3.1
           Mar      12,081.5              -0.9    2,722.3        -2.2   3,042         -2.6               Mar       1,123.2              -4.0     9,852.4      -7.2    6,952.8        -4.7     84,563.6     0.6
           Apr      12,434.9               2.9    2,797.1         2.7   3,117          2.4               Apr       1,139.6               1.5     9,644.6      -2.1    7,227.0         3.9     88,012.5     4.1
          May       12,580.0               1.2    2,815.1         0.6   3,093         -0.8              May        1,137.1              -0.2     9,650.8       0.1    7,330.6         1.4     85,548.6    -2.8
         June       12,097.3              -3.8    2,687.8        -4.5   3,023         -2.3               Jun       1,095.2              -3.7     9,541.5      -1.1    7,158.7        -2.3     84,101.1    -1.7
          July      12,512.3               3.4    2,810.6         4.6   3,078          1.8                Jul      1,099.9               0.4     9,996.7       4.8    7,292.8         1.9     85,064.6     1.1
          Aug       11,326.6              -9.5    2,504.6       -10.9   2,738        -11.0              Aug         957.1              -13.0     9,072.9      -9.2    5,923.8       -18.8     76,793.6    -9.7
          Sep       11,178.4              -1.3    2,524.1         0.8   2,711         -1.0              Sep         920.1               -3.9     8,695.4      -4.2    5,402.3        -8.8     74,986.8    -2.4
        04 Oct      10,651.4              -4.7    2,312.7        -8.4   2,558         -5.7            04 Oct        887.8               -3.5     8,383.0      -3.6    5,216.7        -3.4     69,007.0    -8.0
Source Ecowin.                                                                               Source Ecowin.
1                                                                                            1
    Monthly & annual data are averages.                                                          Monthly & annual data are averages.
Latest figure change shows change since end of previous month                                Latest figure change shows change since end of previous month




                                                      34                                                                                                     35
              FORTHCOMING RELEASES
                                                                               FORTHCOMING RELEASES




November                                                  October

Tue   1    UK: National Accounts - Blue Book 2011         Fri   7         Index of production (Aug)
           UK: Balance of Payments - Pink Book 2011                       Producer price indices (Sep)
Wed   2    US: FOMC Decision                                              US Unemployment (Sep)
Fri   4    US: Unemployment (Oct)                         Tue   11        UK Trade (Aug)
                                                          Wed   12        Labour market statistics (3 months to Aug)
Tue   8    UK:   Index of Production (Sep)                Fri   14        Euro area HICP inflation (Sep)
           UK:   NIESR Monthly GDP Estimate (3m to Oct)   Tue   18        Consumer price indices (Sep)
           UK:   BRC Retail Sales Monitor (Oct)           Wed   19        MPC minutes
Wed   9    UK:   Trade (Sep)                                              US CPI inflation (Sep)
Thu   10   UK:   MPC Rate Decision                        Thu   20        Retail sales (Sep)
Fri   11   UK:   Producer Price Index (Oct)                               Trends in Lending (Q3)
                                                          Fri   21        Public sector finances
Tue   15   UK: Consumer Price Index (Oct)                 Tue   25        GDP preliminary estimate (Q3)
           EA: GDP (Q3, Flash)                                            Index of services (Aug)
Wed   16   UK: Labour Market Statistics                   Thu   27        US GDP advanced estimate (Q3)
           UK: Inflation Report                           Mon   31        Lending to Individuals (Sep)
           US: CPI Inflation (Oct)                                        Sectoral breakdown of M4 and M4 lending (Sep)
           EA: HICP Inflation (Oct)                                       Euro area unemployment (Sep)
Thu   17   UK: Retail Sales (Oct)                                         Euro area HICP inflation flash estimate (Oct)

Tue   22   UK: Public Sector Finances (Oct)
           US: GDP Q3 (Second Estimate)
Wed   23   UK: MPC Minutes
           UK: BBA Mortgage Approvals (Oct)
Thu   24   UK: GDP Q3 (Second Estimate)
           UK: Index of Services (Sep)
           UK: Business Investment (Q3, Provisional)

Thu   29   UK: Lending to Individuals (Oct)




                                                                                    Please turn over for October

                                                                       Editor and distributor: James Arnold (020 7270 5541)
                                                                             E-mail: James.Arnold@hmtreasury.gsi.gov.uk
                                                                            UK data (tables 1-14) compiled by James Arnold
                                                                         International Tables 15-27b compiled by Zaheed Valli
                                                                     Contact: Zaheed.Valli@hmtreasury.gsi.gov.uk (020 7270 5546)

				
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