EUA Economic Statistics - March 2015

Latest Economic Data March 2015 Release

Table of Contents (Clickable links)

1. Industry Statistics ........................................................................................................ 3

Gas Boilers ..................................................................................................................................................................... 3

Hot Water Storage Cylinders ........................................................................................................................................ 3

Radiators ....................................................................................................................................................................... 3

Solar Thermal Panels ..................................................................................................................................................... 4

Smart Meter Installations ............................................................................................................................................. 4

Charts – Gas Boilers ...................................................................................................................................................... 5

Charts – Hot Water Storage Cylinders .......................................................................................................................... 7

Charts – Radiators ......................................................................................................................................................... 8

Charts – Solar Thermal Panels ...................................................................................................................................... 9

Charts – Smart Meter Installations ............................................................................................................................. 11

2. Macroeconomic Statistics ......................................................................................... 12

Housing ....................................................................................................................................................................... 12

Consumer Sector ......................................................................................................................................................... 12

Macroeconomic Indicators ......................................................................................................................................... 13

Energy Prices ............................................................................................................................................................... 14

Manufacturing Sector ................................................................................................................................................. 14

Charts – Housing ......................................................................................................................................................... 15

Charts – Consumer Sector........................................................................................................................................... 18

Charts – Macroeconomic Indicators ........................................................................................................................... 21

Charts – Manufacturing Sector ................................................................................................................................... 23

3. Government Scheme Statistics ................................................................................. 25

Non-Domestic RHI Applications .................................................................................................................................. 25

Domestic RHI Applications .......................................................................................................................................... 25

Boiler Installations ...................................................................................................................................................... 25

2

Back to Table of Contents

Green Deal Finance ..................................................................................................................................................... 26

Green Deal Assessments and Plans ............................................................................................................................ 26

Feed-in Tariff Installations .......................................................................................................................................... 27

Charts – Non-Domestic RHI Applications .................................................................................................................... 28

Charts – Domestic RHI Applications ............................................................................................................................ 29

Charts – Boiler Installations ........................................................................................................................................ 30

Charts – Green Deal Finance ....................................................................................................................................... 31

Charts – Green Deal Assessments and Plans .............................................................................................................. 32

Charts – Feed-in Tariff Installations ............................................................................................................................ 34

4. Regional Housing Statistics ...................................................................................... 35

Regional House Prices ................................................................................................................................................. 35

Regional Housing Starts and Completions .................................................................................................................. 35

5. Notes, Sources and Descriptions .............................................................................. 38

3


1. Industry Statistics

Gas Boilers

147,308 gas boilers were sold in February 2015.

This represented a fall of 2.8% in comparison with February 2015.

Year-to-date sales are 10% lower than at this time last year. The slow start to the year is largely attributable to

the high number of sales through the Energy Company Obligation (ECO) scheme in 2014.

Feb Year-to-date Moving Annual Total

2015 2014 %

change 2015 2014 %

change This Year

Last Year

% change

Combi 114,879 118,412 -3.0% 215,748 246,075 -12.3% 1,250,182 1,310,517 -4.6%

System 12,564 11,379 10.4% 24,738 22,453 10.2% 131,198 124,005 5.8%

Regular 19,865 21,698 -8.4% 40,242 45,756 -12.1% 248,462 268,581 -7.5%

Total 147,308 151,489 -2.8% 280,728 314,284 -10.7% 1,629,842 1,703,103 -4.3%

Hot Water Storage Cylinders

Hot water storage cylinder sales in February 2015 were 1.3% higher than sales in February 2014.

Sales on a moving annual basis are 0.7% lower than at this time last year


2015 2014 %

change 2015 2014 %

change This Year

Last Year

% change

Conventional 41,750 40,658 2.69% 77,541 76,148 1.83% 446,537 446,877 -0.08%

Renewable 2,406 2,940 -18.16% 4,740 5,830 -18.70% 31,750 34,778 -8.71%

Total 44,156 43,598 1.28% 82,281 81,978 0.37% 478,287 481,655 -0.70%

Radiators

Sales of radiators in February 2015 were 6% lower than in February 2014.

Moving annual sales are 0.6% higher than in February 2014.

2015 has seen a slower start than 2014, with year-to-date sales 11% lower than at this time last year.


2015 2014 %

change 2015 2014 %

change This Year

Last Year

% change

Radiators 539,804 574,433 -6.03% 1,078,012 1,217,982 -11.49% 6,092,113 6,054,403 0.62%

4


Solar Thermal Panels

1,545 m² of solar thermal panels were sold in February 2015.

Sales were 56% lower than sales in February 2014.

Sales for the year-to-date are 47% lower than at this point last year.


2015 2014 %

change 2015 2014 %

change This Year

Last Year

% change

Flat Plate

(m²) 1,181.1 2,714.1 -56.48% 2,692.1 5,025.3 -46.43% 22,257.5 28,145.3 -20.92%

Vacuum (m²) 364.0 784.1 -53.57% 598.7 1,214.1 -50.68% 5,254.7 8,229.4 -36.15%

Total (m²) 1,545.1 3,498.3 -55.83% 3,290.8 6,239.3 -47.26% 27,512.2 36,374.6 -24.36%

Smart Meter Installations

A total of 142,693 smart meters were installed in Quarter 4 of 2014.

Quarter 4’s figures bring the cumulative total of installed smart meters to 764,806. Of these, 452,860 are

electrical smart meters and 311,946 are gas meters.

Q4 Total to

date

2014 2013 %

change

Electric 82,081 55,603 47.62% 452,860

Gas 60,882 39,730 53.24% 311,946

Total 142,693 95,333 49.68% 764,806

5


Charts – Gas Boilers

80000

100000

120000

140000

160000

180000

Monthly Boiler Sales

6


Boiler Sales by Type

Combi System Regular

7


Charts – Hot Water Storage Cylinders

0

10000

20000

30000

40000

50000

60000

Hot Water Storage Cylinder Sales

Conventional Renewable Total

8


Charts – Radiators

0

100000

200000

300000

400000

500000

600000

700000

Monthly Radiator Sales

9


Charts – Solar Thermal Panels

0.0000

500.0000

1000.0000

1500.0000

2000.0000

2500.0000

3000.0000

3500.0000

4000.0000

4500.0000

5000.0000

Sola

r Th

erm

al P

anel

Sal

es m

²

Month

Monthly Solar Thermal Panel Sales

10


Solar Thermal Panel Sales by Type

Flat Plate Vacuum

11


Charts – Smart Meter Installations

0

20000

40000

60000

80000

100000

120000

140000

160000

Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014

Inst

alla

tio

ns

Smart Meter Installations

Electric Gas Total

12


2. Macroeconomic Statistics

Housing

Seasonally adjusted housing starts in England were estimated at 29,800 for Quarter 4 2014 – a

decrease of 8.7% over Quarter 4 2013.

Seasonally adjusted completions for Q4 2014 were 30,760 - an increase of 7.9% over 28,510 in Q4

2013.

In February 2015, the price of the average UK house reached £187,964.

Price growth on an annual basis was 5.7%.

Annual house price growth slowed further in February, marking the sixth consecutive month in

which the rate of growth has softened.

There were a total of 100,510 residential property transactions in February 2015.

This was a decline of 7.9% in comparison with February 2014.

Gross mortgage lending fell to £13.4 billion in February 2015 – decreasing from £14.8 billion in February 2014.

Gross mortgage lending for the year-to-date reached £28.2 billion. This is 8.8% lower than at this time in 2014.

The UK construction purchasing managers’ index* (PMI) rose to 60.1 February, up from 59.1 in

January.

This increase in output growth was driven by the fastest increase of new orders since October 2014.

*A PMI value of more than 50 represents expansion of the sector, anything below 50 signifies a contraction.

Feb Year-to-date

2015 2014 % change 2015 2014 % change

Starts* ** 29,800 32,650 -8.73% 136,120 124,650 9.20%

Completions* ** 30,760 28,510 7.89% 118,830 109,750 8.27%

House price index *** 380.1 359.6 5.69% - - -

Average House Price (£) *** £187,964 £177,846 5.69% - - -

Transactions 100,510 109,100 -7.87% 198,560 213,270 -6.90%

Gross mortgage lending £m £13,400 £14,755 -9.18% £28,174 £30,878 -8.76%

UK PMI (Construction) 60.1 62.6 - - - -

Consumer Sector

UK consumer confidence remained at +1 in February.

Consumer optimism has risen considerably from -7 in February 2014.

As of 25th March, retail sales statistics for February 2015 have not been released by the Office for

National Statistics.

New car registrations continued to see annual growth in February 2015.

Monthly sales were 76,958 in February 2015, an increase of 12% over February 2014.

13


Inflation on an annual basis - as measured by the Consumer Price Index – fell to 0% in December.

Feb

2015 2014 % change Feb-15 Jan-15 Monthly % change

Consumer confidence 1 -7 - 1 1 -

Retail sales value including fuel - 107 - - 109 -

Retail sales value excluding fuel - 108.9 - - 111.7 -

New car sales 76,958 68,736 11.96% 76,958 164,856 -53.32%

Inflation - CPI 127.4 127.4 0.00% 127.4 127.1 0.24%

Inflation - RPI 256.7 254.2 0.98% 256.7 255.4 0.51%

Macroeconomic Indicators

GDP in Quarter 4 was £428 billion. Economic growth on an annual basis is 2.7%.

Quarterly GDP per capita reached £6,599, corresponding to annual growth of 2%.

Unemployment remained 5.7% in December 2014, a significant fall from the 7.2% in December

2013.

The rate of economic inactivity in December 2014 fell to 22.2%, representing no change from this

point last year.

UK national debt rose by 6.0% in the past 12 months, reaching £1.469 trillion by the end of

December.

Net public debt as a percentage of GDP rose by 1.2 percentage points in the last 12 months,

reaching 79.6%.

Feb

2015 2014 % change

Real GDP (CVM, £m)* £428,347 £417,265 2.66%

Real GDP per capita (CVM, £)* £6,599 £6,472 1.96%

Unemployment rate (%) ** 5.7 7.2 -20.83%

Economically inactive rate (%) ** 22.2 22.2 0.00%

Net debt (£bn) £1,469 £1,385 6.04%

Net Public debt (% of GDP) 79.6 78.4 1.53%

* Quarterly data

**December 2014 is most recent available data

14


Energy Prices

Domestic gas prices rose by 2.8% in real terms between Q3 2014 and Q3 2013.

Domestic electricity prices rose by 3.4% in this period.

Quarter-on-quarter prices for both gas and electricity fell by 0.9%.

Feb 2014

2015 2014 % change Q3 Q2 Quarterly growth

Gas* 127.1 123.6 2.83% 127.1 128.3 -0.94%

Electricity* 118.2 114.3 3.41% 118.2 119.3 -0.92%

*Q3 is most recent available data

Manufacturing Sector

“Factory gate inflation” as measured by PPI Output fell 1.8% in the year to February 2015.

Annual input price inflation deepened to -13.5% in February 2015.

Growth in the Eurozone manufacturing sector remained weak in February.

Despite strong growth in Ireland and Spain, aggregate growth was slowed by contracting

manufacturing sectors in Austria, Greece and France.

Eurozone PMI of 51 was unchanged from January.

UK Manufacturing PMI rose slightly in February to 54.1 from 53.1 in January.

Feb

2015 2014 % change Feb-15 Jan-15 Monthly % change

Inflation - PPI (Output) 106.7 108.7 -1.84% 106.7 106.5 0.19%

Inflation - PPI (Input) 98.4 113.7 -13.46% 98.4 98.2 0.20%

UK PMI (Manufacturing) 54.1 56.2 - 54.1 53.1 1.88%

Eurozone PMI (Manufacturing) 51 53.2 - 51 51 0.00%

15


Charts – Housing

0

5000

10000

15000

20000

25000

30000

35000

40000

Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014

Qu

arte

rly

Tota

l

Quarterly Housing Starts and Completions

Housing Starts Housing Completions

16


£145,000

£150,000

£155,000

£160,000

£165,000

£170,000

£175,000

£180,000

£185,000

£190,000

£195,000

Average House Price

17


40

45

50

55

60

65

70

UK Construction PMI

18


Charts – Consumer Sector

40

45

50

55

60

65

70

UK Construction PMI

19


96

98

100

102

104

106

108

110

112

114

Retail Sales Value

Retail sales value including fuel Retail sales value excluding fuel

20


238

240

242

244

246

248

250

252

254

256

258

260

122.0

123.0

124.0

125.0

126.0

127.0

128.0

129.0

RP

I

CP

I

Consumer Inflation

Inflation - CPI Inflation - RPI

21


Charts – Macroeconomic Indicators

21.7

21.8

21.9

22

22.1

22.2

22.3

22.4

22.5

22.6

22.7

0

1

2

3

4

5

6

7

8

9

Un

emp

loym

ent

Rat

e

Unemployment and Inactivity

Unemployment rate (%) Economically inactive rate (%)

22


72

73

74

75

76

77

78

79

80

81

82

% o

f G

DP

Net Public Debt

23


Charts – Manufacturing Sector

90

95

100

105

110

115

120

125

Manufacturing Inflation

Inflation - PPI (Output) Inflation - PPI (Input)

24


40

42

44

46

48

50

52

54

56

58

60

Manufacturing PMI

UK PMI - Manufacturing Eurozone PMI 50

25


3. Government Scheme Statistics

Non-Domestic RHI Applications

The Non-Domestic Renewable Heat Incentive (RHI) is a Government environmental programme that

provides financial incentives to increase the uptake of renewable heat for non-domestic purposes.

February 2015 saw a 33% increase in the number of applications to join the Non-Domestic RHI

scheme. 121 applications were made in February, compared with 91 in January.

As of 28th February 2015, a total of 11,673 full applications had been made to join the scheme.

Feb 2015 Jan 2015 % change Total-to-date

Non-Domestic RHI Applications 121 91 32.97% 11,673

Domestic RHI Applications

The Domestic RHI is a Government environmental programme that promotes the use of renewable heat for

domestic purposes.

Aggregate monthly Domestic RHI applications continued to grow in February. Total applications (for

both new and legacy installations) rose to 3,286, compared with 2,127 in January.

Growth in the number of Air Source Heat Pump applications was particularly strong, seeing an

increase of 122% over January’s figures.

In total, 28168 applications have been made under the domestic RHI scheme.

Feb 2015 Jan 2015 Monthly %

change

Total-to-date (New and legacy installations)

ASHP 1,934 868 122.81% 11,000

GSHP 487 563 -13.50% 4,481

Biomass 401 298 34.56% 7,119

Solar Thermal 464 398 16.58% 5,568

Total 3,286 2,127 54.49% 28,168

Boiler Installations

Compared with February, January saw a fall in the number of boilers installed as a result of the

Green Deal (GD) and Energy Company Obligation* (ECO) schemes.

The number of boilers installed through the ECO scheme fell by 4.4%.

Boiler installations made through the Green Deal Home Improvement Fund (GDHIF) rose by 35%,

while installations of Flue Gas Heat Recovery systems rose by 28%.

26


*Measures installed through ECO are at a lag of one month compared to other figures, due to the

increased reporting and verification time.

Feb 2015 Jan 2015

Monthly % change

Total-to-date

GD Finance 394 316 24.68% 2,910

ECO 5,554 5,809 -4.39% 289,738

GDHIF Boiler 154 114 35.09% 2,615

GDHIF FGHR 109 85 28.24% 2,449

Total 6,211 6,324 -1.79% 297,712

Green Deal Finance

Up to the end of February 2015, 10,686 measures have been installed using Green Deal Finance,

with 915 installations in February.

Boiler and photovoltaics (included within the Micro-generation figure) accounted for nearly two-

thirds of new installations in February.


change Total-to-date

Boilers 394 316 24.68% 2,910

Cavity Wall Insulation 7 1 600.00%

320

Loft Insulation 47 52 -9.62% 938

Micro-generation 248 183 35.52% 3,030

Other Heating 72 82 -12.20% 869

Other Insulation 41 52 -21.15% 894

Solid Wall Insulation 106 108 -1.85% 1,704

Window Glazing 0 4 -100.00% 21

Total 915 798 14.66% 10,686

Green Deal Assessments and Plans

The number of Green Deal Assessments passed the half-million mark in February 2015.

The 28,239 GD Assessments in February 2015 was a 7% increase in comparison with January.

As of 28th February 2015, there were 10,846 GD plans in the syzstem, an increase of 13.2% over

the 9,583 plans at the end of January 2015.

Of these plans, 27% are in their first stage (“New Plans” – quote accepted), 18% are in the second

stage (“Pending Plans” – Plan signed) and the remaining 55% are in the final stage (“Live Plans” –

all measures installed).



GD Assessments 28,239 26,357 7.14% 501,906

New GD Plans 2,943 2,525 16.55%

Pending GD Plans 1,939 1,752 10.67%

Live GD Plans 5,964 5,306 12.40%

Total GD Plans 10,846 9,583 13.18%

27


Feed-in Tariff Installations

As of February 2015 there were a total of 664,126 Feed-in Tariff commissioned installations.

Of these, the vast majority (98.7%) are solar PV installations, accounting for 85% of installed

capacity.

There were 9,639 new FiT commissioned installations in February 2015 – an increase of 23.4%

over January 2015.



Cumulative Installed capacity (MW)

PV 9,588 7,829 22.47% 655,993 2,831

Hydro 21 0 - 604 63

Wind 12 0 - 6,733 360

AD 12 0 - 156 96

Micro CHP 6 5 20.00% 640 1

Total 9,639 7,834 23.04% 664,126 3,350

28


Charts – Non-Domestic RHI Applications

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

No

v-1

1

Dec

-11

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Jul-

12

Au

g-1

2

Sep

-12

Oct

-12

No

v-1

2

Dec

-12

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun

-13

Jul-

13

Au

g-1

3

Sep

-13

Oct

-13

No

v-1

3

Dec

-13

Jan

-14

Feb

-14

Mar

-14

Ap

r-1

4

May

-14

Jun

-14

Jul-

14

Au

g-1

4

Sep

-14

Oct

-14

No

v-1

4

Dec

-14

Jan

-15

Feb

-15

Nu

mb

er o

f A

pp

licat

ion

s (C

um

ula

tive

)

Non-Domestic RHI Applications

29


Charts – Domestic RHI Applications

Domestic RHI Applications by Technology Type - Cumulative

ASHP GSHP Biomass Solar Thermal

30


Charts – Boiler Installations

Boiler Installations by Scheme - Monthly

GD Finance ECO GDHIF Boiler GDHIF FGHR

31


Charts – Green Deal Finance

Number of measures installed using Green Deal finance by type

Boilers Cavity Wall Insulation Loft Insulation Micro-generation Other Heating Other Insulation Solid Wall Insulation Window Glazing

32


Charts – Green Deal Assessments and Plans

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

Monthly Green Deal Assessments

33


0

1000

2000

3000

4000

5000

6000

7000

Green Deal Plans

New Plans Pending Plans Live Plans

34


Charts – Feed-in Tariff Installations

0

100000

200000

300000

400000

500000

600000

700000C

om

issi

on

ed I

nst

alla

tio

ns

Date

Feed-in Tariff Installations

PV Hydro Wind AD Micro CHP

35


4. Regional Housing Statistics

Regional House Prices

House price growth in London and surrounding areas continued to outpace growth in other areas of

the country.

London saw annual house price growth of 21%, while prices in the Outer Metropolitan and Outer

South-East areas grew by 14% and 13% respectively.

Prices elsewhere saw more modest growth, particularly in the North of England (4.3%), Scotland

(5.25%) and Wales (5.05%).

Quarter 4

2014 2013 % change

Average House Price* (£)

North £121,486 £116,417 4.35%

Yorkshire & Humberside £142,816 £140,684 1.52%

North West £145,212 £139,916 3.79%

East Midlands £155,747 £146,964 5.98%

West Midlands £164,406 £153,965 6.78%

East Anglia £194,212 £176,939 9.76%

Outer South-East £235,538 £213,007 10.58%

Outer Metropolitan £301,612 £267,682 12.68%

London £406,730 £345,186 17.83%

South West £210,847 £195,196 8.02%

Wales £141,631 £139,722 1.37%

* Quarterly data Scotland £142,527 £136,729 4.24%

Northern Ireland £120,685 £111,612 8.13%

Regional Housing Starts and Completions

The number of quarterly housing starts grew annually in 29 of the 39 regions listed.

York and North Yorkshire (64.8%), Swindon and Wiltshire (68.8%) and Cumbria (53.6%) displayed

the highest growth since Q3 2013.

In the 10 regions where the number of housing starts fell, the effect was most pronounced in

Cornwall and the Isles of Scilly, where the number of starts was 57% lower than in the same quarter

last year.

The number of quarterly housing completions grew annually in 25 of the 39 regions listed.

Growth was strongest in the Tees Valley (120.9%), the Solent (84.9%) and Stoke and Staffordshire

(65.7%).

In the 14 regions where the number of completions fell, the decrease was most significant in the

Humber (-41.8%).

36


December

2014 2013 % change

House Starts*

Black Country 460 440 4.55%

Buckinghamshire Thames Valley 580 500 16.00%

Cheshire and Warrington 740 860 -13.95%

Coast to Capital 1,280 1,380 -7.25%

Cornwall and the Isles of Scilly 390 910 -57.14%

Coventry and Warwickshire 640 470 36.17%

Cumbria 430 280 53.57%

Derby, Derbyshire, Nottingham and Nottinghamshire 940 1,000 -6.00%

Dorset 360 400 -10.00%

Enterprise M3 1,150 1,120 2.68%

Gloucestershire 570 570 0.00%

Greater Birmingham and Solihull 700 880 -20.45%

Greater Cambridge and Greater Peterborough 1,220 1,360 -10.29%

Lincolnshire 730 710 2.82%

Greater Manchester 1,040 910 14.29%

Heart of the South West 1,790 1,750 2.29%

Hertfordshire 670 900 -25.56%

Humber 380 510 -25.49%

Lancashire 960 870 10.34%

Leeds City Region 1,730 1,550 11.61%

Leicester and Leicestershire 1,060 750 41.33%

Liverpool City Region 660 790 -16.46%

Pan London 4,140 5,000 -17.20%

New Anglia 1,050 920 14.13%

North Eastern Local Enterprise Partnerships 1,430 1,340 6.72%

Northamptonshire 990 780 26.92%

Oxfordshire 590 390 51.28%

Sheffield City Region 970 960 1.04%

Solent 1,060 1,100 -3.64%

South East 2,180 2,530 -13.83%

South East Midlands 2,280 1,880 21.28%

Stoke and Staffordshire 520 400 30.00%

Swindon and Wiltshire 810 480 68.75%

Tees Valley 690 520 32.69%

Thames Valley Berkshire 910 740 22.97%

* Quarterly data The Marches Enterprise Partnership 590 500 18.00%

West of England 840 670 25.37%

Worcestershire 600 510 17.65%

York and North Yorkshire 890 540 64.81%

37


December

2014 2013 % change

House Completions*

Black Country 320 290 10.34%

Buckinghamshire Thames Valley 360 360 0.00%

Cheshire and Warrington 520 480 8.33%

Coast to Capital 760 1,100 -30.91%

Cornwall and the Isles of Scilly 300 430 -30.23%

Coventry and Warwickshire 380 410 -7.32%

Cumbria 230 230 0.00%

Derby, Derbyshire, Nottingham and Nottinghamshire 880 840 4.76%

Dorset 520 500 4.00%

Enterprise M3 1,100 1,040 5.77%

Gloucestershire 420 440 -4.55%

Greater Birmingham and Solihull 560 810 -30.86%

Greater Cambridge and Greater Peterborough 1,030 1,110 -7.21%

Lincolnshire 630 490 28.57%

Greater Manchester 860 730 17.81%

Heart of the South West 1,280 1,300 -1.54%

Hertfordshire 390 560 -30.36%

Humber 320 550 -41.82%

Lancashire 720 560 28.57%

Leeds City Region 1,450 1,290 12.40%

Leicester and Leicestershire 820 600 36.67%

Liverpool City Region 620 680 -8.82%

Pan London 4,580 3,740 22.46%

New Anglia 840 900 -6.67%

North Eastern Local Enterprise Partnerships 900 660 36.36%

Northamptonshire 590 530 11.32%

Oxfordshire 340 250 36.00%

Sheffield City Region 760 770 -1.30%

Solent 1,350 730 84.93%

South East 1,990 1,540 29.22%

South East Midlands 1,500 1,360 10.29%

Stoke and Staffordshire 470 300 56.67%

Swindon and Wiltshire 610 670 -8.96%

Tees Valley 530 240 120.83%

Thames Valley Berkshire 400 500 -20.00%

* Quarterly data The Marches Enterprise Partnership 460 310 48.39%

West of England 640 670 -4.48%

Worcestershire 410 410 0.00%

York and North Yorkshire 440 360 22.22%

38


5. Notes, Sources and Descriptions

INDUSTRY

Description Source

TOTAL DOMESTIC GAS BOILER SALES

Combi Number of combi boilers sold in preceding month, within the domestic market.

Member companies

System Number of system boilers sold in preceding month, within the domestic market.

Member companies

Regular Number of regular boilers sold in preceding month, within the domestic market.

Member companies

Total Total number of boilers (all types) sold in preceding month, within the domestic market.

Member companies

HOT WATER STORAGE CYLINDERS

Conventional Number of conventional hot water storage cylinders sold in preceding month, within the domestic market.

Member companies

Renewable Number of renewable hot water storage cylinders sold in preceding month, within the domestic market.

Member companies

Total Total number of conventional hot water storage cylinders (all types) sold in preceding month, within the domestic market.

Member companies

RADIATORS Total Total number of radiators sold in preceding month. Member companies

SOLAR THERMAL PANELS (M2) Flat Plate Solar Thermal Panels (Flat Plate) sold in preceding month, expressed in square metres.

Member companies

Vacuum Solar Thermal Panels (Vacuum) sold in preceding month, expressed in square metres.

Member companies

Total Solar Thermal Panels (All) sold in preceding month, expressed in square metres.

Member companies

INSTALLED SMART METERS Electric Number of electricity smart meters installed in previous quarter. www.gov.uk - Smart meters statistics

39


Gas Number of gas smart meters installed in previous quarter. www.gov.uk - Smart meters statistics

Total Total number smart meters installed in previous quarter. www.gov.uk - Smart meters statistics

MACROECONOMIC

Description Source

HOUSING Starts A dwelling is counted as started on the date work begins on the laying of the foundation.

www.gov.uk - House building statistics

Completions A dwelling is regarded as complete when it becomes ready for occupation or when a completion certificate is issued.


House price index Average house price. Expressed as an index number for ease of comparison with prior values.

Nationwide Building Society - House Price Index

Average House Price (£)

Average UK house price, unadjusted for inflation. Nationwide Building Society - House Price Index

Transactions Estimate of the number of residential and non-residential property transactions in the UK and its constituent countries.

www.gov.uk - Monthly Property Transactions

Gross mortgage lending (£m)

All new lending done in a given period, including remortgaging and new loans for house purchase.

Council of Mortgage Lenders – Statistics

UK PMI (Construction)

A survey of businesses in the construction industry. A value above 50 denotes growth.

Markit/CIPS

CONSUMERS Consumer confidence

Measures the level of optimism that consumers have about the performance of the economy in the next 12 months. The GfK Consumer Confidence is derived from a survey of 2,000 consumers who are asked to rate the relative level of past and future economic conditions including personal financial situation, climate for major purchases, overall economic situation and savings level.

GfK - Consumer Confidence

40


Retail sales value including fuel

An aggregated measure of the sales of retail goods over a stated time period, including fuel sales.

Office of National Statistics - Key Economic Time Series

Retail sales value excluding fuel

An aggregated measure of the sales of retail goods over a stated time period, excluding fuel sales.


New car sales Number of new car registrations in the preceding month. Society of Motor Manufacturers and Traders

Inflation - CPI The retail price index (RPI) and the consumer price index (CPI) are both measures of the price of goods and services in the UK.


Inflation - RPI The retail price index (RPI) and the consumer price index (CPI) are both measures of the price of goods and services in the UK. The retail price index, or the RPI, shows the changes in the cost of living. It reflects the movement of prices in a range of goods and services used regularly, such as food, heating, housing, household goods, bus fares and petrol.


MACROECONOMIC INDICATORS Real GDP (CVM) Gross Domestic Product at chained volume measure. Monetary value of all the finished goods and services produced within a country's borders. The effects of inflation are accounted for using a chained volume measure.


Real GDP per capita (CVM)

Real GDP (CVM) divided by the number of people in the country. Office of National Statistics - Key Economic Time Series

Unemployment rate (%)

The unemployment rate gives the number of unemployed persons as a percentage of the labour force.


Economically inactive rate (%)

People who are not in work, but who do not satisfy the criteria for ILO unemployment (wanting a job, seeking in the last four weeks and available to start in the next two), expressed as a percentage of the 16 and over population.


Net Debt (£bn) Net government debt excluding financial intervention. Office of National Statistics - Key Economic Time Series

Net Debt (% of GDP) Net government debt excluding financial intervention, expressed as a percentage of GDP.


41


Net Private Debt (% of GDP)

Total household and nonfinancial corporation debt, expressed as a percentage of GDP.

Bank for International Settlements

ENERGY PRICE INDICES Gas Gas price, expressed as an index number. www.gov.uk - Domestic energy price statistics

Electricity Electricity price, expressed as an index number. www.gov.uk - Domestic energy price statistics

MANUFACTURING SECTOR Inflation - PPI (Output)

The PPI provides an estimate of the price of goods bought and sold by UK manufacturers. The output price index is a measure of the price of goods and services sold as output by domestic producers.


Inflation - PPI (Input) The PPI provides an estimate of the price of goods bought and sold by UK manufacturers. The input price index measures the price of materials and fuels bought by UK manufacturers for processing.


UK PMI (Manufacturing)

A survey of businesses in the manufacturing sector (UK). A value above 50 denotes growth.

Markit

Eurozone PMI (Manufacturing)

A survey of businesses in the manufacturing sector (Eurozone). A value above 50 denotes growth.

Markit

GOVERNMENT

Description Source

NON-DOMESTIC RHI APPLICATIONS

Total Number of non-domestic Renewable Heat Incentive applications.

www.gov.uk - RHI Monthly deployment data

DOMESTIC RHI APPLICATIONS ASHP Domestic Renewable Heat Incentive applications - Air source heat pump


GSHP Domestic Renewable Heat Incentive applications - Ground source heat pump


Biomass Domestic Renewable Heat Incentive applications - Biomass www.gov.uk - RHI Monthly deployment data

42


Solar Thermal Domestic Renewable Heat Incentive applications - Solar thermal www.gov.uk - RHI Monthly deployment data

BOILER INSTALLATIONS GD Finance Boiler installations using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

ECO Boiler installations using Energy Companies Obligation. www.gov.uk - Green Deal and ECO Statistics

GDHIF Boiler Boiler installations through Green Deal Home Improvement Fund (Boiler).

www.gov.uk - Green Deal and ECO Statistics

GDHIF FGHR Boiler installations through Green Deal Home Improvement Fund (Flue Gas Heat Recovery).


GD Cashback Boiler installations using Green Deal Cashback voucher. www.gov.uk - Green Deal and ECO Statistics

MEASURES INSTALLED USING GDF

Boilers Boilers installed using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

Cavity Wall Insulation Cavity Wall Insulation installed using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

Loft Insulation Loft insulation installed using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

Micro-generation Micro-generation measures installed using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

Other Heating Other heating measures installed using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

Other Insulation Other insulation measures installed using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

Solid Wall Insulation Solid wall insulation installed using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

Window Glazing Window glazing installed using Green Deal Finance. www.gov.uk - Green Deal and ECO Statistics

43


GD ASSESSMENTS Total Number of Green Deal assessments. www.gov.uk - Green Deal and ECO Statistics

GD PLANS New Plans A Green Deal plan is considered "new" after a customer has obtained a quote from a Green Deal Provider and confirmed they wish to proceed.


Pending Plans A Green Deal plan is considered "pending" when a plan has been signed by the customer, progress is being made to install Green Deal Plan measures and the Plan is being finalised so that charging can start.


Live Plans A Green Deal plan is considered "live" after the measures have been installed in the property, the information required to disclose the Plan to future bill payers has been attached to the Plan and the energy supplier has all the information required to bill Green Deal Charges.


Total Plans Total of new, pending and live Green Deal plans. www.gov.uk - Green Deal and ECO Statistics

REGIONAL HOUSING DATA

Description Source

AVERAGE HOUSE PRICE All Regions Average house price, segmented by regions. Nationwide Building Society - House Price Index

HOUSE STARTS All Regions A dwelling is counted as started on the date work begins on the laying of the foundation, segmented by regions.


HOUSE COMPLETIONS All Regions A dwelling is regarded as complete when it becomes ready for occupation or when a completion certificate is issued, segmented by regions.


Author: Graeme Reeves ([email protected])

mailto:[email protected]

EUA Economic Statistics - March 2015

Documents

Transcript of EUA Economic Statistics - March 2015