Annual Business Survey: ONS 2010 – Revised Results
- The UK economy recorded a rise in approximate Gross Value Added at basic prices (aGVA) of 4 per cent (£34 billion) between 2009 and 2010, recovering more than half of the 6 per cent (£59 billion) fall seen between 2008 and 2009
- The Service sector led this recovery with aGVA rising to 1 per cent (£7 billion) above the level seen in 2008. Production and Distribution also recovered, although not yet to the 2008 levels
- The largest contribution to the whole economy comes from the Distribution sector. In 2010 Distribution contributes 39 per cent of UK turnover, purchases 49 per cent and aGVA 16 per cent
- Within the Distribution industries Retail trade, except of motor vehicles and motorcycles (Division 47) shows year on year growth from 2008 to 2010 helped by the increase in commodity prices
Brian Dear 