Spotlight
Business insights and impact on the UK economy: 17 June 2021
What's in the bulletin?
- The percentage of UK businesses currently trading has remained consistent from late May 2021 to early June 2021, at 87%, the joint highest percentage of businesses currently trading since comparable estimates began in June 2020.
- The proportion of businesses' workforce who are reported to be on furlough leave has fallen from around 20% in late-January 2021 to 7% in late-May 2021, the lowest proportion since the furlough scheme began; this return from furlough corresponds to the highest proportion of the workforce working at their normal place of work, at 62%.
- Despite recent improvements in the proportion of businesses trading, many companies were trading below their usual capacity, with 31% of businesses reporting turnover lower than normal; in the arts, entertainment and recreation industry this figure is over 60%.
Non-financial business economy, UK and regional (Annual Business Survey): 2018 revised results
What's in the bulletin?
- In 2018, the approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,273.5 billion; this was an increase of £51.2 billion (4.2%) compared with 2017.
- The estimate of aGVA represents the income (turnover) of UK businesses, less the cost of goods and services consumed in the production process (purchases); all four of the main sectors of the non-financial business economy (production, construction, distribution and non-financial services) continued to show growth in 2018.
- The non-financial services sector, which accounted for over half (56.9%) of total aGVA in 2018, increased by £34.0 billion (4.9%); professional, scientific and technical activities contributed the highest level of aGVA within this sector, increasing by £9.6 billion (5.8%) in 2018.
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