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In July 2007 compared with June 2007, seasonally adjusted industrial production increased by 0.6% in the euro area (EA13) and by 0.4% in the EU27. In June production remained stable in the euro area and grew by 0.1% in the EU27. In July 2007 compared with July 2006, industrial production grew by 3.7% in the euro area and by 3.5% in the EU27.

The Conference Board announced that the leading index for the U.K declined 0.2 percent, and the coincident index increased 0.1 percent in July.

The United Kingdom's Travel & Tourism economy is expected to generate over GBP190 billion in 2007, growing faster than the current rate of inflation at 3.1 per cent per annum between 2008 and 2017, according to the latest research from the World Travel & Tourism Council (WTTC).

Online job opportunities across the EU slowed in August as the Monster Employment Index Europe dropped five points to its pre-Summer level. August saw the first decline in online hiring since January but despite the dip, online hiring is up 17 percent since the beginning of the year. Sectors showing the most significant declines in August included education, training and library; and hospitality and tourism.

Tenant demand now outstrips supply in all areas of the rental market, even as private landlords continue to invest in the sector. This is revealed in the latest quarterly survey of ARLA member letting agents just published.

Based on an update for the seven largest Member States in the European Union, the Commission forecasts economic growth in 2007 at 2.8% in the EU and 2.5% in the euro area. This represents a downward revision of 0.1 percentage points (pp.) compared with the spring forecast. European growth is expected to remain supported by sound fundamentals and a still favourable global environment. Nevertheless, the recent turbulence has clearly increased the downward risks to this outlook. On the inflation front, consumer prices in 2007 are expected to increase by 2.2% in the EU and 2.0% in the euro area (up by 0.1 pp. compared with the spring) as higher commodity prices take their toll.

Online job activity grew in the UK in August as the Monster Employment Index UK gained two points, bouncing back from a dip in July. This increase was caused mainly by significant growth in the arts, entertainment, sports and leisure; and administrative, organisation sectors. Regionally, the South West and North England saw the largest increases in online job demand, whilst Northern Ireland and East Anglia declined most. Overall, the Index reached 167 points, up 30 percent since August last year.

The mix-adjusted average house price in the UK in July 2007 stood at £218,479, up from £214,222 in June 2007 (not seasonally adjusted).

In July 2007 the large majority of euro area average MFI interest rates on new deposits and new loans were higher than in the previous month.

In May 2007, 15.23 million UK households had Internet access, according to the UK Office of National Statistics' "2007 Omnibus Survey." That represents 61% of UK households, up nearly 7% since the previous year's study.