Key Statistics: 20th March 2012

Glenigan's weekly roundup of keys statistics for the UK construction industry and the wider economy.

UK Economy

• Consumer Price Inflation fell to 3.4% in February, down from 3.6% in January. The decline was largely thanks to lower gas and electricity bills.
• In the three months to January 2012, seasonally adjusted estimates of international visits to the UK fell 1% versus the previous three months. Earnings from these visits to the UK fell 5% over the same period.
• Gross mortgage lending held steady in February and was an estimated £10.7 billion, according to the Council of Mortgage Lenders. This is almost identical to January’s gross lending total of £10.65 billion and 14% higher than February last year.