Annual Business Survey
Telephone: +44 (0)1633 456338
Categories: Business and Energy, Businesses, Locations of Businesses, Businesses by Region, Production Industries, Primary Production, Manufacturing, Water and Sewage, Building and Construction, Services, Business Services, Retail and Distribution, Retail Trade, Wholesale Trade
Frequency of release: Annually
Geographical coverage: UK
Geographical breakdown: Region
Survey name(s): Annual Business Survey (ABS)
Overall, the results for the UK Business Economy (that part of the UK whole economy measured by the Annual Business Survey, ABS) showed that approximate Gross Value Added at basic prices (aGVA) grew by 4 per cent (£33.8 billion) between 2009 and 2010, although not yet recovering to 2008 levels. Those regions contributing most to the overall growth over this period were the West Midlands, the North West and London.
The West Midlands region showed the highest growth in aGVA between 2009 and 2010, rising 11 per cent (£6.8 billion) and returning to its 2008 level of £66.2 billion.
The North West region followed the West Midlands with a 7 per cent (£6.4 billion) rise in aGVA to £93.9 billion, higher than the levels seen in both 2008 and 2009.
London showed a rise of 3 per cent (£5.5 billion) in aGVA to £217 billion in 2010, but has not returned to its 2008 level of around £231.2 billion.
Yorkshire and The Humber, East Midlands and Northern Ireland showed little change in aGVA between 2009 and 2010.
Comparing the 2009 estimates in the 'ABS 2010, Provisional Regional Results' to those released in the 'ABS 2009, Provisional Regional Results' (published 28th July 2011) shows a minimal revision for the UK Business Economy. For 2009 there were downward revisions in aGVA by 0.7 per cent (£6.1 billion) and turnover by 0.02 per cent (£0.5 billion), and an upward revision in purchases by 0.4 per cent (£7.3 billion).
The Annual Business Survey (ABS) collects financial information for about two thirds of the UK economy, covering agriculture (part), forestry and fishing; production; construction; motor trades; wholesale; retail; catering and accommodation; property; service trades. The financial variables covered include turnover, purchases, employment costs, capital expenditure and stocks.
Note : On 6 August 2012, the ABS team published improved notes with this release. To aid user understanding of these statistics, the release has updated sections on: the general background of ABS; the calculation of approximate Gross Value Added; Standard Industrial Classifications; the regional apportionment method; quality issues in ABS; how to find and compare statistics from different publications; and how to give feedback on the ABS. Please note that there is no change to the published data, this change refers only to the supporting information.