Spotlight
Business insights and impact on the UK economy: 30 June 2022
What's in the bulletin?
- In May 2022, half (50%) of businesses currently trading reported that the prices of goods or services bought had increased from April 2022, while 21% reported that prices sold had increased across the same period; both figures have remained stable since March 2022.
- In late June 2022, 35% of businesses reported their production and/or suppliers had been affected by recent increases in energy prices, up from 33% reported in early May 2022.
- Among currently trading businesses, 30% expect to increase the price of goods or services they sell in July 2022, with energy prices continuing to be reported as the main factor for considering doing so, at 42%.
Non-financial business economy, UK and regional (Annual Business Survey): 2020 results
What's in the bulletin?
- In 2020, approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,194.9 billion; a decrease of £117.9 billion (9.0%) compared with 2019.
- The non-financial services sector, which accounted for over half (56.9%) of total aGVA in 2020, decreased by £67.9 billion (9.1%) to £679.7 billion; transport and storage saw the largest decrease in aGVA of £20.6 billion (22.6%) decreasing from £91.3 billion to £70.7 billion.
- Total turnover and purchases of the UK non-financial business economy were estimated to be £3,580.9 billion and £2,358.3 billion respectively; a decrease of £515.6 billion (12.6%) and £398.4 billion (14.5%) compared with 2019.
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