Friday, December 16, 2005

Annual Business Inquiry reports, part one

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The Stats Office have issued the provisional results from the Annual Business Inquiry (the survey of employment and accounting information from businesses) for 2004 today.

Industries covered included construction, manufacturing and the service industries.

Construction overall turnover was up in 2004, from £152.2bn to £158bn, and service industries up hugely from £670.6bn to £756.2bn. But interestingly, production and manufacturing was actually up as well, from £526.3bn to £552.7bn. However, whilst the report makes play of the increases in production, no figures are given for manufacturing, which rings alarm bells, other than to note that the textile industry lost 17.9% of gross value in 2004, and the leather industry lost 14.8% of value.

So, service is king - but we already knew that.

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