Spotlight
Business insights and impact on the UK economy: 23 April 2026
What's in the bulletin?
- Nearly a quarter (23%) of trading businesses reported that their turnover had decreased in March 2026 when compared with the previous month, down 2 percentage points from February but in line with movements seen around this time in previous years; 16% of trading businesses expected turnover to decrease in May 2026, which is broadly stable compared with expectations for April.
- Economic uncertainty remained the most reported challenge affecting turnover for trading businesses in early April 2026 at 35%, rising to 40% for trading businesses with 10 or more employees; these were up 3 and 6 percentage points, respectively, since March, and the highest proportions reported since the question was introduced in April 2022.
- Four in ten (40%) trading businesses reported an increase in the prices of goods or services bought in March 2026 when compared with the previous month, 11 percentage points higher than February, and the highest proportion reported since December 2022 (41%); 15% reported an increase in the prices of goods or services sold, the highest proportion since April 2023 (16%).
Non-financial business economy, UK (Annual Business Survey): 2023 results
What's in the bulletin?
- In 2023, approximate gross value added at basic prices (aGVA) of the UK non-financial business economy was estimated to be £1,663.4 billion; an increase of £66.7 billion (4.2%) compared with 2022.
- The non-financial services sector, which accounted for over half (57.5%) of total aGVA in 2023, increased by £61.9 billion (6.9%) to £955.8 billion; professional, scientific and technical activities saw the largest increase in aGVA of £13.8 billion (6.1%) increasing from £228.0 billion to £241.8 billion.
- Total turnover and purchases of the UK non-financial business economy were estimated to be £5,049.6 billion and £3,379.7 billion respectively; an increase of £108.3 billion (2.2%) and an increase of £18.5 billion (0.6%) compared with 2022.
Energy, goods and services used by UK businesses
Expenditure on energy, goods and services used as inputs to UK business processes by product type and industry. Estimates from the 2023 Annual Purchases Survey. These are official statistics in development.
Datasets related to Business services
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Business insights and impact on the UK economy confidence intervals
Confidence intervals for weighted estimates from the voluntary fortnightly Business Insights and Conditions Survey (BICS) about financial performance, workforce, prices, trade, and business resilience. These are official statistics in development.
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Business insights and impact on the UK economy
Weighted estimates from the voluntary fortnightly Business Insights and Conditions Survey (BICS) about financial performance, workforce, prices, trade, and business resilience. These are official statistics in development.
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Energy, goods and services used by UK businesses
High-level and detailed table of intermediate consumption proportions and values by industry group, UK. These are official statistics in development.
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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).
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Non-financial business economy, UK: Sections A to S
Size and growth within UK non-financial business sectors, as measured by the Annual Business Survey, by four-digit Standard Industrial Classification 2007.
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Non-financial business economy, 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.
Publications related to Business services
Statistical bulletins
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Business insights and impact on the UK economy: 23 April 2026
The impact of challenges facing the economy and other events on UK businesses, including financial performance, workforce, trade, and business resilience.
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Non-financial business economy, UK (Annual Business Survey): 2023 results
Size and growth within the UK non-financial sectors, as measured by the Annual Business Survey.
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Energy, goods and services used by UK businesses: 2023
Expenditure on energy, goods and services used as inputs to UK business processes by product type and industry. Estimates from the 2023 Annual Purchases Survey. These are official statistics in development.
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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.
Articles
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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 business economy for 2021 and revised estimates for 2020, from the Annual Business Survey (ABS).
Methodology related to Business services
Find, compare and visualise statistics about places within the United Kingdom.