Spotlight
Business insights and impact on the UK economy: 26 January 2023
What's in the bulletin?
- In December 2022, almost a third (30%) of trading businesses reported turnover was lower compared with November 2022, while 13% reported their turnover was higher; the wholesale and retail trade industry reported the largest percentage of businesses whose turnover was lower, at 46%.
- Around one in six (17%) trading businesses reported that they expect their turnover to decrease in February 2023, while 14% expect their turnover to increase.
- Of trading businesses, 41% reported an increase in the prices of goods or services bought in December 2022 compared with November 2022, down from 42% reported between October and November 2022.
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.
UK economy latest
A roundup of the latest data and trends on the economy, business and jobs
Datasets related to Business services
-
Business impact of coronavirus, analysis over time, UK: Waves 2 to 5 panel
The indicators and analysis presented in this article are based on selected responses over time from the new voluntary fortnightly business survey, which captures businesses responses on how their turnover, workforce, prices, trade and business resilience have been affected in the two week reference period. This data relates to the period 23 March 2020 to 17 May 2020 (Wave 2 to Wave 5).
-
Non-financial business economy, UK: Sections A to S
Annual data on size and growth within the UK non-financial business sectors as measured by the Annual Business Survey, broken down to four-digit Standard Industrial Classification 2007.
-
Non-financial business economy, UK regional results: Sections A to S
Annual data on business turnover, approximate gross value added (aGVA), purchases and employment costs, from the Annual Business Survey. Two-digit Standard Industrial Classification 2007 group by region or country.
-
Foreign-owned businesses in the UK: business count, turnover and aGVA, from the Annual Business Survey
Annual estimates of foreign-owned businesses by industry group, section, employment and turnover group, and country breakdown.
-
Non-financial business economy, UK regional results: quality measures
Annual data on quality measures for business turnover, approximate gross value added (aGVA), purchases and employment costs, from the Annual Business Survey.
-
Annual Business Survey exporters and importers
Exporters and importers of goods and services in Great Britain by employment size, turnover size, ownership and age.
Publications related to Business services
Statistical bulletins
-
Non-financial business economy, UK and regional (Annual Business Survey): 2020 results
Size and growth within the UK and regional non-financial sectors as measured by the Annual Business Survey.
-
Non-financial business economy, UK (Annual Business Survey): 2017 provisional results
Size and growth within the UK's non-financial business sectors: non-financial services, distribution, production, construction and agriculture.
-
Non-financial business economy, UK (Annual Business Survey): 2016 regional results
Size and growth within the UK's non-financial business sectors: non-financial services, distribution, production, construction and agriculture.
-
E-commerce and ICT activity, UK: 2019
Use of information and communication technology (ICT) and the value of e-commerce activity by UK businesses.
Articles
-
Coronavirus (COVID-19) roundup
Catch up on the latest data and analysis related to the coronavirus (COVID-19) pandemic and its impact on our economy and society.
-
Foreign-owned businesses in the UK non-financial business economy
Annual estimates of the number of foreign-owned businesses, turnover and approximate gross value added (aGVA) in the UK non-financial economy for 2020 and revised estimates for 2019, from the Annual Business Survey (ABS)
Methodology related to Business services
Looking for local statistics?
A handy guide to let you know where to find local statistics.