Of businesses paused or currently trading, 10% said that their risk of insolvency was "moderate" and 1% said it was "severe", according to the latest Business Impact of Coronavirus (COVID-19) Survey (BICS). See Section 2.
The proportion of adults wearing a face covering at some point when leaving the home was at least 95% for the third consecutive week, according to the latest Opinions and Lifestyle Survey (OPN). See Section 3.
In the week starting Saturday 8 August, there were 3,002 incorporations per working day on average, a decrease from the previous week but still above the Quarter 3 (July to Sept) 2019 average (2,612 per working day). See Section 4.
Between 7 and 14 August 2020, the total volume of online job adverts decreased from 62% to 58% of its 2019 average, partially offsetting the large increase of the previous week. See Section 5.
The index for all food items within the high-demand product (HDP) basket increased by 0.3%, although the all items index remained static. See Section 6.
In the week commencing 10 August 2020, existing Energy Performance Certificate (EPC) lodgements in England remained around the level observed at the end of February 2020, while EPC lodgements for new dwellings remain below February 2020 levels across all regions. See Section 7.
Footfall across all retail locations continued to rise slightly in the latest week, with overall footfall at 68% of its level the same day a year ago, the highest since the week beginning 16 March 2020. See Section 8.
Road traffic across all motor vehicles has been gradually returning to pre-lockdown levels following a low point around the end of March 2020, using road traffic data from the Department for Transport (DfT). See Section 9.
Between 10 and 16 August 2020, the average volume of daily total ship visits and cargo ship visits both remained unchanged from the previous week. See Section 10.
In the week starting Saturday 8 August, there was an average of 3,002 incorporations per working day, a substantial decrease from 3,332 in the previous week. While this decrease is a departure from the high levels observed in the previous two months, it is still higher than the Quarter 3 (July to Sept) 2019 average of 2,612 per working day.
The observed fluctuations in weekly incorporations per working day between April and early May 2020 and June and the end of July 2020 coincide with government-instigated lockdown measures and the subsequent easing of them in response to the coronavirus (COVID-19) pandemic. This is in line with official statistics published by Companies House on 30 July 2020.
Voluntary dissolution applications
For more information on other measures of company closures not presented here, see Weekly indicators of company creations and closures from Companies House methodology: August 2020.Back to table of contents
These figures use job adverts provided by Adzuna, an online job search engine. We are able to include experimental estimates of online job adverts by Adzuna category and by UK country and NUTS1 regions, which will be developed over the coming weeks. The Adzuna categories used do not correspond to Standard Industrial Classification (SIC) categories, so these values are not directly comparable with the Office for National Statistics (ONS) Vacancy Survey. The number of job adverts over time is an indicator of the demand for labour.
Figure 6: Between 7 and 14 August 2020, the total volume of online job adverts decreased from 62% to 58% of its 2019 average, partially offsetting the large increase of the previous week
Total weekly job adverts on Adzuna, UK, 4 January 2019 to 14 August 2020, index 2019 average = 100
The observations were collected on a roughly weekly basis; however, they were not all observed at the same point in each week, leading to slightly irregular gaps between each observation.
These series have a small number of missing weeks, mostly in late 2019, and the latest is in January 2020. These values have been imputed using linear interpolation. The data points that have been imputed are clearly marked in the accompanying dataset.
Further category breakdowns are included in the Online job advert estimates dataset, and more details on the methodology can be found in Using Adzuna data to derive an indicator of weekly vacancies.
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Although the total volume of online job adverts decreased from the previous week, online job adverts are still higher than they have been for the previous two months, when they remained close to half their 2019 average.
Of the 29 Adzuna categories, 16 increased compared with the previous week and 13 decreased. However, please note that some decreases at the category level have been affected by changes in Adzuna's coverage. See the Online job advert estimates dataset for more information.
Figure 7 shows the latest volume of online job adverts in each region compared with the 2019 average (blue bars), the percentage point change from the 2019 average to the lockdown minimum, which may be a different date for each region (yellow bars), and the percentage point change from the lockdown minimum to the latest value (blue dots).
On 14 August, out of the UK's countries and NUTS1 regions, online job adverts were closest to their 2019 average in Northern Ireland, where they were 74% of their 2019 average. The next closest region was the East Midlands at 73% of its 2019 average. While Northern Ireland had a comparatively small decline from its 2019 average to the lockdown minimum, the East Midlands saw the largest increase from its low point to its latest value.
Compared with the previous week, the largest percentage point decreases in online job adverts were in Northern Ireland (23 percentage points), followed by London (12 percentage points) and the West Midlands (10 percentage points). Online job adverts increased in the East Midlands by three percentage points, the only increase larger than one percentage point.Back to table of contents
Online price indices for several high-demand products (HDPs) have been created using daily web-scraped data from several large online UK retailers (typically supermarkets and other prominent high-street chains) and provide an indication of weekly price change for items in the HDP basket. This analysis is experimental and should not be compared with our regular consumer price statistics.
The increases in prices of dried pasta and kitchen roll were driven by a number of retailers, while the decreases in pasta sauce, hand sanitiser and tinned soup were caused by some retailers putting these products on offer.
This week, the time series has been revised because of improvements in the identification of unique products. A timeline of developments for these indicators can be found in Online price changes for HDPs methodology.Back to table of contents
This release includes weekly Energy Performance Certificates (EPCs) for new and existing domestic properties in England and Wales up to the beginning 10 August 2020, split by NUTS1 English regions.
EPCs are used as a timely indicator for the number of completed constructions (new EPCs) and number of transactions (existing EPCs). The statistics are published weekly by the Ministry of Housing, Communities and Local Government (MHCLG).
Figure 10: In the week commencing 10 August 2020, existing EPC lodgements in England remained around the level observed at the end of February 2020, while EPC lodgements for new dwellings remained below February 2020 levels across all regions
Existing and new Energy Performance Certificates lodgements by region, non-seasonally adjusted, UK, February to August 2020, percentage change since week commencing 24 February 2020
Source: Ministry of Housing, Communities and Local Government (MHCLG) Domestic Energy Performance Certificate Register
Further notes are available in the weekly Energy Performance Certificates (EPCs) for domestic properties dataset.
More information on the EPC methods, strengths and limitations is available in the accompanying methodology article.
Week commencing 24 February 2020 is when the time series begins; we will look to expand this in the future.
Wales shown on a different scale. The spikes in the number of EPCs for existing dwellings seen in Wales during the weeks commencing 8 and 15 June 2020 were caused by some local authorities in Wales reviewing their social housing stock.
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The percentage of new EPC lodgements was lowest in Yorkshire and The Humber, with new EPC lodgements 56% lower than that observed at the end of February (the next lowest was the North West, at 37% lower). A reduction in construction would contribute to the slower recovery of EPC assessments of new dwellings.Back to table of contents
These figures are provided by Springboard, a provider of data on customer activity. They measure the volume of footfall compared with the same day the previous year at the overall level and across the categories of high streets, retail parks and shopping centres. For example, Tuesday 14 July 2020 was compared with Tuesday 16 July 2019.
Figure 11 shows the overall footfall seven-day average continued to increase in the latest week (10 to 16 August 2020), to just over two-thirds of the level on the same day a year ago. This continues the gradual increase in footfall seen since the reopening of non-essential shops and businesses in England on 15 June.
Footfall at all locations showed a small increase in the week commencing 10 August, with retail parks to over 85% compared with the same day a year ago and shopping centres and high streets at both over 60%.
This complements findings from our latest Business Impact of Coronavirus (COVID-19) Survey (BICS), which show 54% of applicable trading businesses have seen decreased footfall compared to what is normally expected for this time of year.
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This section introduces:
daily change in road traffic by selected vehicle types in Great Britain up to 17 August 2020, produced by the Department for Transport (DfT); this uses data from around 275 automatic traffic count sites across Great Britain covering all road types, which are published weekly
monthly road traffic counts on English motorways and major 'A' roads providing access to selected regional ports up to June 2020 using data from the Highways England's TRIS dataset; average 15-minute road traffic counts and average speed data for around 10,000 sensors across England are published in the experimental dataset
Road traffic in Great Britain
The DfT daily road traffic estimates are useful as an indication of traffic change rather than actual traffic volumes. The data provided are indexed to the first week of February and the comparison is to the same day of the week. More information on the methods, quality and economic analysis for these indicators can be found in the article.
Road traffic across all motor vehicles has been gradually returning to levels seen in the first week of February 2020 following a lockdown low point around the end of March. The latest road traffic data up to Monday 17 August show overall road traffic was around 9 percentage points lower than traffic seen on the equivalent Monday in the first week of February.
Heavy goods vehicles were first to return to early February levels of traffic in early July, followed by light commercial vehicles. However, car road traffic remains around 10 percentage points lower compared with the first week of February.
Highways England road traffic
Highways England (HE) data are available monthly up to June 2020. The data are less timely than the DfT road traffic data but include detailed road traffic for key roads serving 13 selected ports, within a 10-kilometre radius of each port location. These 13 ports were selected because of their identification as "major" ports.
Figures 13 and 14 show HE road traffic within 10 kilometers of all selected English ports. HE road traffic near Bristol, London and Southampton ports represents approximately 55% of this HE total.
We expect large vehicles (over 11.66 metres in length) such as lorries to be more closely related to the movement of goods than small vehicles (less than 5.2 metres in length). More information on the methods, quality and economic analysis for these indicators can be found in the article.
Figures 13 and 14 show that in April 2020, total HE road traffic on key roads serving all 13 English ports identified in the HE dataset fell by 25% for large vehicles and 71% for small vehicles when compared with February 2020 road traffic levels. This is broadly consistent with the drop in heavy vehicles and cars observed in the April 2020 DfT data shown in Figure 12.
Data for June 2020 show road traffic counts for large vehicles near major ports picked up to 90% of February 2020 levels, whereas average traffic counts across small vehicle types were 65% of the February 2020 level. Of the three ports shown here, road traffic near London port was the least affected in April 2020, recovering the strongest during May and June 2020. Whereas road traffic near Bristol port was the most affected and has also seen a relatively slow recovery.Back to table of contents
These shipping indicators are based on counts of all vessels and cargo and tanker vessels. As discussed in Faster indicators of UK economic activity: shipping, we expect the shipping indicators to be related to the import and export of goods.
The time series of daily and weekly passenger visits have been temporarily suspended because of quality concerns. We are investigating and hope to reinstate these series in future releases.
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Weekly shipping indicators
Dataset | Released 20 August 2020
The weekly and daily shipping indicators dataset associated with the faster indicators of UK economic activity.
Online price changes for high-demand products
Dataset | Released 20 August 2020
Weekly online price changes of selected high-demand products (HDPs).
Online job advert estimates
Dataset | Released 20 August 2020
Experimental job advert indices covering the UK job market.
Economic activity, faster indicators, UK
Dataset | Released 20 August 2020
The datasets associated with the Faster indicators of UK economic activity research output.
A faster indicator provides insights into economic activity using close-to-real-time big data, administrative data sources, rapid response surveys or Experimental Statistics, which represent useful economic and social concepts.
High-demand product (HDP) basket
The high-demand product (HDP) basket contains everyday essential items that were identified at the beginning of the crisis to have high consumer demand, including items from food, health and hygiene categories. The selection of these items was based on anecdotal evidence on patterns of consumer spend. The basket does not cover all items within these categories.
Incorporations are when a company is added to the Companies House register of limited companies. This can also include where an existing business applies to become a limited company, where it was not one before.
A voluntary dissolution is when a company applies to begin dissolution proceedings. As such, they effectively chose to be removed from the Companies House register. For a company to be eligible to voluntarily dissolve, it should not have completed any trading activity for a period of three months.Back to table of contents
Detailed information on the data sources, quality and methodology of the different indicators included in this bulletin is available in the Coronavirus and the latest indicators of the UK economy and society methodology.
We will summarise any crucial updates to the quality or methodology in this section in the future.Back to table of contents
Detailed information on the strengths and limitations of the different indicators included in this bulletin is available in the Coronavirus and the latest indicators of the UK economy and society methodology.
We will summarise any crucial updates or warnings in this section in the future.Back to table of contents
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