Latest Economic Data April 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 ......................................................................................................................................................... 13 Macroeconomic Indicators ......................................................................................................................................... 13 Energy Prices ............................................................................................................................................................... 14 Manufacturing Sector ................................................................................................................................................. 14 Charts – Housing ......................................................................................................................................................... 15 Charts – Consumer Sector........................................................................................................................................... 18 Charts – Macroeconomic Indicators ........................................................................................................................... 20 Charts – Manufacturing Sector ................................................................................................................................... 23 3. Government Scheme Statistics ................................................................................. 25 Non-Domestic RHI Applications .................................................................................................................................. 25 Domestic RHI Applications .......................................................................................................................................... 25 Boiler Installations ...................................................................................................................................................... 25
Transcript
Latest Economic Data April 2015 Release
Table of Contents (Clickable links)
1. Industry Statistics ........................................................................................................ 3
Gas Boilers ..................................................................................................................................................................... 3
Hot Water Storage Cylinders ........................................................................................................................................ 3
Solar Thermal Panels ..................................................................................................................................................... 4
Smart Meter Installations ............................................................................................................................................. 4
Charts – Gas Boilers ...................................................................................................................................................... 5
Charts – Hot Water Storage Cylinders .......................................................................................................................... 7
Energy Prices ............................................................................................................................................................... 14
Green Deal Finance ..................................................................................................................................................... 26
Green Deal Assessments and Plans ............................................................................................................................ 26
Charts – Green Deal Finance ....................................................................................................................................... 31
Charts – Green Deal Assessments and Plans .............................................................................................................. 32
Regional House Prices ................................................................................................................................................. 35
Regional Housing Starts and Completions .................................................................................................................. 35
5. Notes, Sources and Descriptions .............................................................................. 38
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1. Industry Statistics
Gas Boilers
Sale of gas boilers in March 2015 fell by 2.6% in comparison with March 2014.
Year to date sales are 8.1% lower than at this time last year. The slower start to the year is largely attributable
to the high volume of sales through the Energy Company Obligation (ECO) scheme in early 2014.
Sales on a moving annual basis are 5.6% lower than last year.
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 March. 8,539 applications (for
both new and legacy installations) were made in March, compared with 3,286 in February.
In total, 36,707 applications have been made under the domestic RHI scheme.
Mar-15 Feb-15
Monthly % change
Total-to-date (New and legacy installations)
ASHP 4,445 1934 129.83% 15,445
GSHP 917 487 88.30% 5,398
Biomass 2,128 401 430.67% 9,247
Solar Thermal 1,049 464 126.08% 6,617
Total 8,539 3,286 159.86% 36,707
Boiler Installations
Compared with February, March saw a 6% rise in the number of boilers installed through Green
Deal Finance.
The number of boilers installed through the ECO* scheme fell by 0.3%.
*Measures installed through ECO are at a lag of one month compared to other figures, due to the
increased reporting and verification time.
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Mar-15 Feb-15
Monthly % change
Total-to-date
GD Finance 417 394 5.84% 3,327
ECO 5,538 5,554 -0.29% 295,276
GDHIF Boiler 88 154 -42.86% 2,703
GDHIF FGHR 46 109 -57.80% 2,495
Total 6,089 6,211 -1.96% 303,801
Green Deal Finance
Up to the end of March 2015, 11,795 measures have been installed using Green Deal Finance, with
1,109 installations in March.
Boilers and photovoltaics (included within the Micro-generation figure) accounted for nearly two-
thirds of new installations in March.
Mar-15 Feb-15
Monthly % change
Total-to-date
Boilers 417 394 5.84% 3,327
Cavity Wall Insulation 21 7 200.00%
341
Loft Insulation 39 47 -17.02% 977
Micro-generation 317 248 27.82% 3,347
Other Heating 113 72 56.94% 982
Other Insulation 39 41 -4.88% 933
Solid Wall Insulation 161 106 51.89% 1,865
Window Glazing 2 0 #DIV/0! 23
Total 1,109 915 21.20% 11,795
Green Deal Assessments and Plans
The cumulative number of Green Deal Assessments reached 529,354 in March 2015.
The 27,450 GD Assessments in March 2015 was a 2.8% decrease in comparison with February.
Up to the end of March 2015, there were 12,076 GD plans in the system, an increase of 18% over
February.
Of these plans, 25% are in their first stage (“New Plans” – quote accepted), 19% are in the second
stage (“Pending Plans” – Plan signed) and the remaining 56% are in the final stage (“Live Plans” –
all measures installed).
Mar-15 Feb-15 Monthly %
change Total-to-date
GD Assessments 27,450 28,238 -2.79% 529,354
New GD Plans 2,970 2,943 0.92%
Pending GD Plans 2,297 1,939 18.46%
Live GD Plans 6,809 5,964 14.17%
Total GD Plans 12,076 10,846 11.34%
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Feed-in Tariff Installations
The number of Feed-in Tariff commissioned installations reached 680,000 in March 2015.
There were a total of 16,089 new installations in March, the vast majority (99.6%) of these were
solar PV installations.
Of the cumulative installed capacity, 84% is accounted for by PV installations and 11% by wind.
Mar-15 Feb-15 Monthly %
change Total-to-date
Cumulative Installed capacity (MW)
PV 16,024 10,377 54.42% 673,642 2,985
Hydro 0 3 -100.00% 636 70
Wind 64 12 433.33% 6,830 396
AD 0 0 #DIV/0! 165 105
Micro CHP 1 7 -85.71% 643 1
Total 16,089 10,399 54.72% 681,916 3,556
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Charts – Non-Domestic RHI Applications
0
2000
4000
6000
8000
10000
12000
14000
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
Mar
-15
Non-Domestic RHI Applications
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Charts – Domestic RHI Applications
Domestic RHI Installations by Type - Cumulative
ASHP GSHP Biomass Solar Thermal
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Charts – Boiler Installations
Monthly Boiler Installations by Scheme
GD Finance ECO GDHIF Boiler GDHIF FGHR
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Charts – Green Deal Finance
Green Deal Finance Measures Installed by Type (Monthly)
Boilers Cavity Wall Insulation Loft Insulation Micro-generation Other Heating Other Insulation Solid Wall Insulation Window Glazing
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Charts – Green Deal Assessments and Plans
0
5000
10000
15000
20000
25000
30000
35000
40000
Monthly Green Deal Assessments
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0
1000
2000
3000
4000
5000
6000
7000
8000
Green Deal Plans
New Pending Live
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Charts – Feed-in Tariff Installations
0
100000
200000
300000
400000
500000
600000
700000
800000
Feed-in Tariff Installations
PV Hydro Wind AD mCHP
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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 13%, while prices in the Outer Metropolitan and Outer
South-East areas grew by 12% and 8% respectively.
House prices in Wales fell in comparison with Q1 2014, while price growth in Yorkshire and
Scotland fell to 1%.
Q1
2015 2014 % change
Average House Price* (£)
North £125,299 £119,702 4.68%
Yorkshire & Humberside £141,647 £139,775 1.34%
North West £144,145 £141,276 2.03%
East Midlands £158,575 £149,714 5.92%
West Midlands £161,989 £154,690 4.72%
East Anglia £193,772 £179,718 7.82%
Outer South-East £235,747 £217,534 8.37%
Outer Metropolitan £306,931 £273,998 12.02%
London £408,780 £362,699 12.71%
South West £209,585 £198,325 5.68%
Wales £139,171 £139,911 -0.53%
Scotland £140,180 £138,386 1.30%
Northern Ireland £121,052 £114,495 5.73%
Regional Housing Starts and Completions
In Q4 2014, the number of quarterly housing starts grew annually in 18 of the 39 regions listed.
Coventry and Warwickshire (66%) and Northamptonshire (60%) displayed the highest growth since
Q4 2013.
In the 19 regions where the number of starts fell, the effect was most pronounced in Cornwall and
the Isles of Scilly, where the number of starts was 49% lower than in the same quarter last year.
The number of quarterly housing completions grew annually in 27 of the 39 regions listed.
Growth was strongest in Leicestershire (71%) and Berkshire (60%).
In the 11 regions where the number of completions fell, the decrease was most significant in the
Humber (-30%).
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Q4
2014 2013 % change
Quarterly House Starts
Black Country 380 390 -2.56%
Buckinghamshire Thames Valley 380 280 35.71%
Cheshire and Warrington 500 540 -7.41%
Coast to Capital 930 1,460 -36.30%
Cornwall and the Isles of Scilly 290 570 -49.12%
Coventry and Warwickshire 580 350 65.71%
Cumbria 280 280 0.00%
Derby, Derbyshire, Nottingham and Nottinghamshire 930 770 20.78%
Dorset 220 200 10.00%
Enterprise M3 930 750 24.00%
Gloucestershire 400 360 11.11%
Greater Birmingham and Solihull 490 510 -3.92%
Greater Cambridge and Greater Peterborough 770 960 -19.79%
Lincolnshire 430 560 -23.21%
Greater Manchester 900 740 21.62%
Heart of the South West 1,070 1,470 -27.21%
Hertfordshire 410 360 13.89%
Humber 370 700 -47.14%
Lancashire 530 700 -24.29%
Leeds City Region 1,420 1,210 17.36%
Leicester and Leicestershire 750 570 31.58%
Liverpool City Region 290 600 -51.67%
Pan London 3,040 5,130 -40.74%
New Anglia 770 930 -17.20%
North Eastern Local Enterprise Partnerships 890 960 -7.29%
Northamptonshire 750 470 59.57%
Oxfordshire 330 330 0.00%
Sheffield City Region 570 820 -30.49%
Solent 840 960 -12.50%
South East 1,830 1,690 8.28%
South East Midlands 1,580 1,560 1.28%
Stoke and Staffordshire 420 320 31.25%
Swindon and Wiltshire 510 580 -12.07%
Tees Valley 420 390 7.69%
Thames Valley Berkshire 340 450 -24.44%
The Marches Enterprise Partnership 470 360 30.56%
West of England 500 550 -9.09%
Worcestershire 420 390 7.69%
York and North Yorkshire 540 460 17.39%
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Q4
2014 2013 % change
Quarterly House Completions
Black Country 500 460 8.70%
Buckinghamshire Thames Valley 390 440 -11.36%
Cheshire and Warrington 670 460 45.65%
Coast to Capital 1,070 1,030 3.88%
Cornwall and the Isles of Scilly 430 290 48.28%
Coventry and Warwickshire 630 500 26.00%
Cumbria 290 280 3.57%
Derby, Derbyshire, Nottingham and Nottinghamshire 890 920 -3.26%
Dorset 390 400 -2.50%
Enterprise M3 1,130 1,190 -5.04%
Gloucestershire 560 500 12.00%
Greater Birmingham and Solihull 580 710 -18.31%
Greater Cambridge and Greater Peterborough 1,370 1,250 9.60%
Lincolnshire 750 730 2.74%
Greater Manchester 1,010 660 53.03%
Heart of the South West 1,750 1,760 -0.57%
Hertfordshire 530 700 -24.29%
Humber 350 500 -30.00%
Lancashire 860 570 50.88%
Leeds City Region 1,490 1,480 0.68%
Leicester and Leicestershire 1,110 650 70.77%
Liverpool City Region 600 460 30.43%
Pan London 4,590 4,250 8.00%
New Anglia 1,200 950 26.32%
North Eastern Local Enterprise Partnerships 1,180 1,050 12.38%
Northamptonshire 760 600 26.67%
Oxfordshire 480 580 -17.24%
Sheffield City Region 950 700 35.71%
Solent 1,390 930 49.46%
South East 2,150 2,130 0.94%
South East Midlands 1,840 1,770 3.95%
Stoke and Staffordshire 490 470 4.26%
Swindon and Wiltshire 640 880 -27.27%
Tees Valley 500 390 28.21%
Thames Valley Berkshire 640 400 60.00%
The Marches Enterprise Partnership 530 530 0.00%
West of England 700 770 -9.09%
Worcestershire 490 370 32.43%
York and North Yorkshire 560 370 51.35%
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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
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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.
www.gov.uk - House building statistics
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
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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.
Office of National Statistics - Key Economic Time Series
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.
Office of National Statistics - Key Economic Time Series
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.
Office of National Statistics - Key Economic Time Series
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.
Office of National Statistics - Key Economic Time Series
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.
Office of National Statistics - Key Economic Time Series
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.
Office of National Statistics - Key Economic Time Series
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.
Office of National Statistics - Key Economic Time Series
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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.
Office of National Statistics - Key Economic Time Series
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.
Office of National Statistics - Key Economic Time Series
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.
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).
www.gov.uk - Green Deal and ECO Statistics
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
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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.
www.gov.uk - Green Deal and ECO Statistics
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.
www.gov.uk - Green Deal and ECO Statistics
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.
www.gov.uk - Green Deal and ECO Statistics
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.
www.gov.uk - House building statistics
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.
