Approximate Gross Value Added at basic prices (aGVA), is the income generated by businesses, less the cost of goods and services used to create this income.
•The UK Business Economy, as measured by the Annual Business Survey (ABS), recorded a rise in approximate Gross Value Added at basic prices (aGVA) of £35.7 billion (3.8 per cent) between 2010 and 2011.
•This increase in aGVA is a continuation in the recovery seen between 2009 and 2010 and takes aGVA to a level 1.1 per cent (£10.2 billion) above that seen in 2008, at the start of the recession.
•The recovery was seen across many sectors, although for many, aGVA growth was suppressed due to growth in purchases of goods, materials and services being higher than that for turnover.
•The Service sector led this recovery with aGVA rising £21.6 billion (4.3 per cent) between 2010 and 2011, the second consecutive annual increase in aGVA. Within the Service sector, strong increases were seen in Professional, scientific and technical activities (Section M), Administrative and support activities (Section N) and Information and communication (Section J).
Source: Office for National Statistics
Access to more ABS data
Provisional 2011 UK national results at the industry class level (4 digit Standard Industrial Classification 2007) are available free of charge via the 'Data in this release' button in the Statistical Bulletin or from the ABS webpages. The published variables include turnover, purchases, aGVA and employment costs.
Additional standard extracts containing more detail are available on request. Bespoke analyses are also available but there will be a charge for these. For more information about either of these services please email firstname.lastname@example.org, or telephone +44(0) 1633 456592 for standard extracts, or +44 (0)1633 456601 for bespoke special analyses.
From June 2012, any bespoke analysis carried out for ABS customers will be listed on the ONS data available on request webpages, and the data sets will be available free of charge on request.
ABS user engagement
We are constantly aiming to improve this release and its associated commentary. We would welcome any feedback you might have, and would be particularly interested in knowing how you make use of these data to inform your work. Please contact us via email: email@example.com or telephone Heather Bovill on +44 (0)1633 455107.
There is a Business and Trade Statistics Community on the StatsUserNet website, which is the Royal Statistics Society’s new interactive site for users of official statistics. The community objectives are to promote dialogue between users and producers of official business and trade statistics about the structure, content and performance of businesses within the UK. Anyone can join these discussions by registering via the link above.
Government Statistical Service (GSS) business statistics
To find out about other official business statistics, and choose the right data for your needs, use the GSS Business Statistics Interactive User Guide. By selecting your topics of interest, the tool will pinpoint publications that should be of interest to you, and provide you with links to more detailed information and the relevant statistical releases. It also offers guidance on which statistics are appropriate for different uses.
Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: firstname.lastname@example.org
These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.