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.
Showing posts with label employee. Show all posts
Showing posts with label employee. Show all posts
Monday, 25 October 2010
Friday, 18 June 2010
Retail Sales Increase Again
The latest retail sales indicators from the ONS say that the value of retail sales in May 2010 was up by 4.4% on May 2009 and volume of retail sales in May 2010 increased by 2.2% on May 2009.
Looking at the value of retail sales in more detail, predominantly food stores were 1.4% up on last year and predominantly non-food stores 5.4% up on last year, especially non-specialised stores 8.5%. Textile, clothing and footwear increased by 6.6%, household goods by 2.7% and 'other stores' by 4.5%. In non-store retailing the increase was 12.2% and fuel went up 9.2%.
Volumes in greater detail show that food stores were 0.5% lower in volume, non-food stores were up 5.4% within which non-specialised increased 9.4%, textile, clothing and footwear increased 7.1%, household goods 2.7% and 'other stores' 3.6%. Non-store retailing increased 11.8% but fuel volumes were 9.6% lower
Estimated sales prices were 2.3% higher than last year. The value of Internet retail sales in May 2010 was £409m. It equates to 7.9% of total retail sales totalling an estimated £24.8bn. The average weekly value of sales was estimated at £6.2bn.
The retailer group that experienced the most growth based on number of employees was the group with between 40-69 employees which grew by 21.1%. Retailers with 0-9 employees grew on average by 5.4% and retailers with over 100 employees grew by 4.9%. In contrast, the group with 70-99 employees experienced a decrease of 35.1%.
Looking at the value of retail sales in more detail, predominantly food stores were 1.4% up on last year and predominantly non-food stores 5.4% up on last year, especially non-specialised stores 8.5%. Textile, clothing and footwear increased by 6.6%, household goods by 2.7% and 'other stores' by 4.5%. In non-store retailing the increase was 12.2% and fuel went up 9.2%.
Volumes in greater detail show that food stores were 0.5% lower in volume, non-food stores were up 5.4% within which non-specialised increased 9.4%, textile, clothing and footwear increased 7.1%, household goods 2.7% and 'other stores' 3.6%. Non-store retailing increased 11.8% but fuel volumes were 9.6% lower
Estimated sales prices were 2.3% higher than last year. The value of Internet retail sales in May 2010 was £409m. It equates to 7.9% of total retail sales totalling an estimated £24.8bn. The average weekly value of sales was estimated at £6.2bn.
The retailer group that experienced the most growth based on number of employees was the group with between 40-69 employees which grew by 21.1%. Retailers with 0-9 employees grew on average by 5.4% and retailers with over 100 employees grew by 4.9%. In contrast, the group with 70-99 employees experienced a decrease of 35.1%.
Tuesday, 1 September 2009
GDP Decline Revised Upwards
GDP fell by 0.7%, revised from 0.8%, in the second quarter of 2009 compared with the previous quarter. GDP is 5.5% lower than Q2 2008. It is the biggest four quarter fall on record accoring to the ONS. Nominal GDP showed no growth for the quarter. The GDP deflator rose by 1.3% compared with Q2 2008.
The slowdown in output from Q1 to Q2 is due to the services, production and construction sectors. Services fell by 0.6%, production by 0.6% and construction by 2.2%.
Household expenditure fell by 0.7%. An increase in spending on motor vehicles, food and drink was offset by the continued edcline of spending abroad. Government expenditure rose by 0.8%. The volume of spending is 2.5% higher than Q2 2008. The net trade deficit fell to £7.3bn as imports fell faster than exports at 3.7% and 2.6% respectively. The export of services fell by 2.6% and the import of services by 1.9%. Gross fixed capital formation fell by 4.5%.
Employee compensation increased by 1% in the quarter, but still 1.2% below the same quarter last year. The gross operating surplus of corporations decreased by 3.6% following a 4.5% fall in Q1 2009. Taxes less subsidies increased by 3.6%. There was no change in the growth of nominal GDP at market prices.
The slowdown in output from Q1 to Q2 is due to the services, production and construction sectors. Services fell by 0.6%, production by 0.6% and construction by 2.2%.
Household expenditure fell by 0.7%. An increase in spending on motor vehicles, food and drink was offset by the continued edcline of spending abroad. Government expenditure rose by 0.8%. The volume of spending is 2.5% higher than Q2 2008. The net trade deficit fell to £7.3bn as imports fell faster than exports at 3.7% and 2.6% respectively. The export of services fell by 2.6% and the import of services by 1.9%. Gross fixed capital formation fell by 4.5%.
Employee compensation increased by 1% in the quarter, but still 1.2% below the same quarter last year. The gross operating surplus of corporations decreased by 3.6% following a 4.5% fall in Q1 2009. Taxes less subsidies increased by 3.6%. There was no change in the growth of nominal GDP at market prices.
Subscribe to:
Posts (Atom)