Spotlight
Business insights and impact on the UK economy: 27 January 2022
What's in the bulletin?
- In mid-January 2022, 80% of all businesses were fully trading, compared with 77% in early January 2022; businesses within the transport and storage industry and the accommodation and food service activities industry reported the lowest percentage of businesses fully trading, at 64%.
- Approximately a third (32%) of all businesses currently trading reported that their turnover had decreased in the last two weeks compared with normal expectations for this time of year, with 52% of these businesses reporting the coronavirus (COVID-19) pandemic as the main reason for change.
- In mid-January 2022, 13% of businesses reported a shortage of workers; the accommodation and food service activities industry reported the highest percentage (28%), with 60% of these businesses reporting that employees are now working increased hours because of the shortages.
Non-financial business economy, UK and regional (Annual Business Survey): 2019 results
What's in the bulletin?
- In 2019, approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,313.9 billion; an increase of £42.8 billion (3.4%) compared with 2018.
- The non-financial services sector, which accounted for over half (56.7%) of total aGVA in 2019, increased by £25 billion (3.5%) to £744.4 billion; transport and storage saw the highest increase in aGVA growth at £7.2 billion (8.6%) increasing from £84.4 billion to £91.6 billion.
- Total turnover and purchases of the UK non-financial business economy were estimated to be £4,101.5 billion and £2,761.4 billion respectively; an increase of £70.5 billion (1.7%) and £25.8 billion (0.9%) compared with 2018.
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