Spotlight
Business insights and impact on the UK economy: 18 July 2024
What's in the bulletin?
- The latest results suggest that business conditions continue to remain challenging, with the proportion of trading businesses expecting their turnover to increase, falling from a high of 22% for March 2024, to 15% for August 2024.
- More than 1 in 5 (22%) trading businesses reported that their turnover had decreased in June 2024 compared with May 2024, 16% reported their turnover was higher, while 54% reported their turnover had stayed the same; these figures are all broadly stable from last month.
- More than 1 in 5 (21%) trading businesses reported an increase in the prices of goods or services bought in June 2024 when compared with May 2024, while less than 1 in 10 (8%) reported an increase in the prices of goods or services sold; these are the lowest proportions reported since these response options were introduced in March 2022.
Non-financial business economy, UK (Annual Business Survey): 2022 results
What's in the bulletin?
- In 2022, approximate gross value added (aGVA) at basic prices of the UK non-financial business economy was estimated to be £1,592.7 billion; an increase of £217.0 billion (15.8%) compared with 2021.
- The non-financial services sector, which accounted for over half (56.2%) of total aGVA in 2022, increased by £128.2 billion (16.7%) to £894.6 billion; professional, scientific and technical activities saw the largest increase in aGVA of £27.0 billion (13.8%), from £195.4 billion to £222.3 billion.
- Total turnover and purchases of the UK non-financial business economy were estimated to be £4,931.3 billion and £3,356.6 billion, respectively; an increase of £808.5 billion (19.6%) and £611.5 billion (22.3%) compared with 2021.
Datasets related to Business services
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Business impact of coronavirus, analysis over time, UK: Waves 2 to 5 panel
The indicators and analysis presented in this article are based on selected responses over time from the new voluntary fortnightly business survey, which captures businesses responses on how their turnover, workforce, prices, trade and business resilience have been affected in the two week reference period. This data relates to the period 23 March 2020 to 17 May 2020 (Wave 2 to Wave 5).
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Non-financial business economy, UK: Sections A to S
Size and growth within UK non-financial business sectors, as measured by the Annual Business Survey, by four-digit Standard Industrial Classification 2007.
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Non-financial business economy, regional results: Sections A to S
Annual data on business turnover, approximate gross value added (aGVA), purchases and employment costs, from the Annual Business Survey. Two-digit Standard Industrial Classification 2007 group by region or country.
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Foreign-owned businesses in the UK: business count, turnover and aGVA, from the Annual Business Survey
Annual estimates of foreign-owned businesses by industry group, section, employment and turnover group, and country breakdown.
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Non-financial business economy, regional results: quality measures
Annual data on quality measures for business turnover, approximate gross value added (aGVA), purchases and employment costs, from the Annual Business Survey.
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Annual Business Survey exporters and importers
Exporters and importers of goods and services in Great Britain by employment size and turnover size.
Publications related to Business services
Statistical bulletins
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Non-financial business economy, UK (Annual Business Survey): 2022 results
Size and growth within the UK non-financial sectors, as measured by the Annual Business Survey.
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Energy, goods and services used by UK businesses: 2022
Expenditure on energy, goods and services used as inputs to UK business processes by product type and industry. Estimates from the 2022 Annual Purchases Survey.
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Non-financial business economy, UK (Annual Business Survey): 2017 provisional results
Size and growth within the UK's non-financial business sectors: non-financial services, distribution, production, construction and agriculture.
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Non-financial business economy, UK (Annual Business Survey): 2016 regional results
Size and growth within the UK's non-financial business sectors: non-financial services, distribution, production, construction and agriculture.
Articles
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Foreign-owned businesses in the UK non-financial business economy
Annual estimates of the number of foreign-owned businesses, turnover and approximate gross value added (aGVA) in the UK non-financial business economy for 2021 and revised estimates for 2020, from the Annual Business Survey (ABS).
Methodology related to Business services
Find, compare and visualise statistics about places within the United Kingdom.