Spotlight
Business insights and impact on the UK economy: 18 May 2023
What's in the bulletin?
- More than a quarter (26%) of businesses reported their turnover was lower in April 2023 compared with the previous month, up from 19% in March 2023; in comparison 16% reported their turnover was higher in April 2023, down from 19% in March 2023.
- When asked in early May 2023, more than one in five (21%) trading businesses expect turnover to increase in June 2023, up from 19% for expectations for May 2023.
- More than a third (35%) of trading businesses reported an increase in the prices of goods or services bought in April 2023 compared with March 2023; down from 38% when comparing March with February 2023.
Non-financial business economy, UK and regional (Annual Business Survey): 2021 results
What's in the bulletin?
- In 2021, approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,368.1 billion; an increase of £174.1 billion (14.6%) compared with 2020.
- The non-financial services sector, which accounted for over half (55.6%) of total aGVA in 2021, increased by £87.4 billion (13.0%) to £760.9 billion; professional, scientific and technical activities saw the largest increase in aGVA of £20.3 billion (11.6%), increasing from £175.0 billion to £195.3 billion.
- Total turnover and purchases of the UK non-financial business economy were estimated to be £4,105.9 billion and £2,728.7 billion respectively; an increase of £511.4 billion (14.2%) and £351.2 billion (14.8%) compared with 2020.
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