Thursday, 19 November 2009

First Annual Business Enquiry Using SIC 2007

The ONS published their first set of provisional results for the Annual Business Enquiry under the new Standard Industrial Classification (SIC) 2007. The differences between the SIC 2003 and SIC 2007 make it difficult to compare the 2008 figures with previous years. Results for the four main industry groups - production, construction, distribution and services, were given in terms of turnover, purchases and Gross Value Added (GVA).

The production industries provisionally look to have an 8.7% change in turnover, 10.3% in purchases and an approximate 6.6% increase in GVA between 2007 and 2008. Construction has also increased its results. Its turnover has gone up by 8.4%, its purchases by 6% and approximate GVA by 11.6%. The distribution industries' turnover went up by 16.9%, purchases by 19.8% giving an overall decrease in GVA of -1%. Services' turnover increased by 8.3%, purchases by 10.6% and approximate GVA of 5.5%.

The mining industries contributed largely to production figures as did electricity and gas adding 30.3 and 21.4 respectively in turnover. Wholesale trade made a large contribution to the distribution figures. The only decreases in the service industries were arts, entertainment and recreation and administrative and support services with -24.3 and -5.1 respectively.

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