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%.
Showing posts with label turnover. Show all posts
Showing posts with label turnover. Show all posts
Wednesday, 17 November 2010
Monday, 25 October 2010
Record Number Of Small Business In UK
The Office for National Statistics and the Department for Business, Innovation and Skills recently released statistics concerning small and medium sized enterprises for the UK and regions for 2009. It gives estimates of the numbers of SMEs in the UK the employment they provide and their turnover.
The release says that there were 4.8m enterprises in the private sector at the beginning of 2009, an increase of 1.1% or 51,000 on 2008 and the highest number since these records began in 1994. They employed 22.8m people and their combined turnover was an estimated £3,200bn. Although SMEs account for 99.9% of all enterprises, they accounted for 59.8% of private sector employment and only 49% of private sector turnover. The turnover increased in 2009 by an estimated 5.8% or £1,589bn on 2008.
Most, 99.3%, of the SMEs were small (0-49 employees) and only 27,000 were medium sized (50-249). There were only 6,000 large enterprises (over 250 employees) in the UK in 2008. The number of people employed by SMEs fell by 309,000 or -1.3% since 2008. The number of sole proprietorships increased for the seventh year in a row, by 65,000, to 3.1m. The total number of businesses without employees was 3.6m, up 68,000. They account for 74.8% of all private sector enterprises and a combined turnover of £240bn at the beginning of 2008. Partnerships decreased by 18,000 to 444,000.
The release says that there were 4.8m enterprises in the private sector at the beginning of 2009, an increase of 1.1% or 51,000 on 2008 and the highest number since these records began in 1994. They employed 22.8m people and their combined turnover was an estimated £3,200bn. Although SMEs account for 99.9% of all enterprises, they accounted for 59.8% of private sector employment and only 49% of private sector turnover. The turnover increased in 2009 by an estimated 5.8% or £1,589bn on 2008.
Most, 99.3%, of the SMEs were small (0-49 employees) and only 27,000 were medium sized (50-249). There were only 6,000 large enterprises (over 250 employees) in the UK in 2008. The number of people employed by SMEs fell by 309,000 or -1.3% since 2008. The number of sole proprietorships increased for the seventh year in a row, by 65,000, to 3.1m. The total number of businesses without employees was 3.6m, up 68,000. They account for 74.8% of all private sector enterprises and a combined turnover of £240bn at the beginning of 2008. Partnerships decreased by 18,000 to 444,000.
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.
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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