Released: 15 November 2012 Download PDF
- Key points
- Annual Business Survey (ABS)
- UK Business Economy
- Agriculture, Forestry and Fishing (Section A)
- Production Industries (Sections B-E)
- Construction Industries (Section F)
- Distribution Industries (Section G)
- Service Industries (Sections H-S)
- Background notes
- Statistical contacts
- The UK Business Economy, as measured by the Annual Business Survey (ABS), recorded a rise in approximate Gross Value Added at basic prices (aGVA) of £35.7 billion (3.8 per cent) between 2010 and 2011.
- This increase in aGVA is a continuation in the recovery seen between 2009 and 2010 and takes aGVA to a level 1.1 per cent (£10.2 billion) above that seen in 2008, at the start of the recession.
- The recovery was seen across many sectors, although for many, aGVA growth was suppressed due to growth in purchases of goods, materials and services being higher than that for turnover.
- The Service sector led this recovery with aGVA rising £21.6 billion (4.3 per cent) between 2010 and 2011, the second consecutive annual increase in aGVA. Within the Service sector, strong increases were seen in Professional, scientific and technical activities (Section M), Administrative and support activities (Section N) and Information and communication (Section J).
Source: Office for National Statistics licensed under the Open Government Licence v.1.0.