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Release: Annual Business Survey, 2011 Provisional Results

Released: 15 November 2012 Next edition: 13 June 2013

Contact

Heather Bovill

Annual Business Survey

heather.bovill@ons.gsi.gov.uk

Telephone: +44 (0)1633 455107

Categories: Business and Energy, 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

Language: English

Geographical coverage: UK

Geographical breakdown: UK

Survey name(s): Annual Business Survey (ABS), Business Register and Employment Survey (BRES)

  • 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).

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. Approximate Gross Value Added (aGVA) is calculated as an input into the measurement of Gross Domestic Product (GDP).

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.