RSS FeedsONS: Economy
Regional Economic Indicators is a quarterly article published in the Economic and Labour Market Review which compares regional and sub-regional productivity and other drivers of the economy. The latest assessment was published in May 2010and focused on gross disposable household income in the English regions.
In January 2009 the National Statistician published an article on Measuring regional economic performance. Improving the understanding of regional economic performance has become increasingly important in the UK. This article aims to inform the discussion about limitations of GVA per head in measuring the productivity of a region and the income of its residents.
Regional productivity estimates on a filled job and per hour basis are released on an annual basis, the latest figures came out in September 2009.
Economic and Labour Market review provides a statistical picture of the UK economy and labour market updated on a monthly basis. Economic and Labour Market Review brings together and replaces two publications - Labour Market Trends (LMT) and Economic Trends (ET). For an index of articles published between 2000 and 2006 in Labour Market Trends
Economic Trends article archive summarises articles 1998 to 2006. Economic information on Regional Snapshot this includes GVA.
Changing regional economies: South East. This report provides a profile of the region and presents a range of statistics that help to understand differences within and between regions. Within regions, comparisons are made between sub-regions and between rural and urban areas.
Each year ONS and BIS ( Business, Innovation & Skills) compile a report on Regional Economic Performance- the latest issue is available from the BIS website.
Economic and Labour Market Review (ELMR) this monthly publication draws together expert research and analysis to build an up-to-date, comprehensive and unique value added), gross domestic household income (GDHI), turnover, business VAT registrations and de-registrations.
More detailed tables in respect of Regional Accounts which provides an overview of the economic performance of the UK, are available and for different levels of geography
NUTS1 - Government Office Regions of England; Wales, Scotland and Northern Ireland.
NUTS2 - 37 areas, mainly groups of counties and unitary authorities
NUTS3 - 133 areas, principally individual counties and unitary authorities.
NUTS (Nomenclature of Units for Territorial Statistics) is the European classification system and allows a comparable view of economic activity across the European Union. Indicators gross value added (GVA), household income and gross fixed capital formation (GFCF) are produced at regional and sub-regional levels using a structured accounting framework. Data are included on a workplace or residence basis
Detailed GVA data relating to each of the NUTS areas was released on 9 December 2009. A full set of tables is available. A briefing note to acompany this release has been prepared and is available through our South East Report Index.
Latest on regional GVA per head http://www.statistics.gov.uk/cci/nugget.asp?id=420
Gross Disposable Household Income (GDHI), the latest regional information relating to 2008 was released on 31 March 2010 and can be found on the National Statistics website
An article looking at estimates of regional GDHI at current basic prices is available from Economic and Labour Market Review. These data are published for the NUTS1, NUTS2 and NUTS3 levels for the period 1995 to 2006. There is an overview of the methodology used in the calculation of regional GDHI and the article concludes with Office for National Statistics (ONS) future plans for regional economic data.
The latest data relating to VAT registrations and de-registrations for 2007 were released by BERR on
To replace the vat-registration data a new data series on Business Demography was introduced by ONS which is based on expanded definitions (all businesses registered for VAT or PAYE). Data for 2008 was published on 30 November 2009. Further details can be found at:- http://www.statistics.gov.uk/downloads/theme_commerce/Intro-Bus-Demography.pdf
Consumer Prices Index (CPI) is the main UK measure of inflation for macroeconomic purposes and forms the basis for Government's inflation target. The Retail Prices Index (RPI) is the most familiar domestic measure of inflation in the UK; its uses include indexation of pensions, state benefits and index-linked gilts. Internationally, the CPI is known as the Harmonised Index of Consumer Prices (HICP), although the two indices remain one and the same. CPI and RPI both measure the average changes month-to-month in prices of consumer goods.
Time series of CPI data: http://www.statistics.gov.uk/statbase/tsdtables1.asp?vlnk=mm23
Annual Business Inquiry (ABI) has two distinct parts – one providing details of employment and the other, ABI/2, provides financial information on businesses in the UK by Government Office Region and industry division. The financial data (turnover and approximate GVA) covers about two thirds of the UK economy including: production; construction; distribution and service industries; agriculture (part), hunting, forestry and fishing.
Data relating to employment from ABI/1 is available from Nomis (the National On-line Manpower Information System at www.nomisweb.co.uk); however access is restricted to those with a Chancellor’s Notice. See https://www.nomisweb.co.uk/forum/posts.aspx?tID=139&fID=2 for more details. Provisional results for 2008.
UK Business, Size and activity. This publication contains detailed information on all businesses in the UK including size, classification and location. This information is also available to local unit (site) level for the whole economy. Data is compiled from the Inter Departmental Business Register (IDBR) which contains information on VAT traders and PAYE employers in a statistical register comprising 2.1 million businesses, representing nearly 99% of economic activity.
ONS also provide a facility to map data from the UK Business, Size and activity publication. http://www.statistics.gov.uk/UKbusiness/svg_map/default.htm
The latest release on the small and medium sized enterprise (SME) sector produced by the Department for Business, Innovation and Skills was released on 14 October 2009. This release provides regional estimates of the total number of businesses (including those not registered for VAT or PAYE) broken down by broad industry and number of employees.
Data for National Indicators 171 and 172 is available from the BERR website. This data covers the business registration rate and the proportion of small businesses in an area showing growth.
Results of a pilot development of regional short-term output indicators were published in January 2010. Data is based as far as possible on the data and methods used in the Welsh Short Term Indicators, compiled on a quarterly basis by ONS and published by the Welsh Assembly Government. The pilot results comprise quarterly constant price seasonally adjusted indices covering the period 2005 quarter 4 to 2009 quarter 2, it should be noted that the result are highly experimental and are not of National Statistics quality. An article was released in April 2010 which discusses the regional short term indicators in detail.
The Ministry of Justice publishes Quarterly National Statistics on insolvency proceedings issued in the county courts and High Court for both individuals (bankruptcy petitions) and businesses (company winding up petitions) in England and Wales, this data is broken down by region and by county court.