Provisional results for the annual business inquiry now called the annual business survey show decreases in all four main industry groups: production, construction, distribution and services in turnover, purchases and gross value added (GVA) at basic prices. Agriculture also reported decreases in turnover, purchases and GVA at basic prices.
Production decreased 8.1% in turnover, 8.9% in purchases and 10.2% in GVA. Within the production group mining and quarrying fell by 24.6% in turnover and 37.5% in GVA. Production did report some increases most notably in electricity, gas, steam and air conditioning with 8.4% in turnover and 32.1% in GVA. Manufacturing reported decreases of 9.1% in turnover, 10.9% in purchases and 11.2% in GVA. The construction industries reported the largest percentage falls with -13.7% in turnover, -15.1% in purchases and -20.3% in GVA.
Distribution reported the largest decreases in money terms with a decrease of £60bn in turnover (-4.9%), £58bn (-5.5%) in purchases and £17bn (-4.6%) in GVA. While the financial differences were the largest the percentage changes were not. Only services had a smaller percentage change. The only increases in the distribution industries was in retail (except motor vehicles and motorcycles) increasing turnover by 0.3% and GVA by 1.8%.
No comments:
Post a Comment