The reported DCMS sector GVA is estimated to have elevated by 0.7% between the primary quarter (January to March) and the second quarter of 2022 (April to June) in actual phrases. By comparability, the entire of the UK economic system fell by 0.1% from the primary to the second quarter of 2022.
GVA of DCMS sectors reported in June 2022 was 5.3% increased than ranges in February 2020, which was the latest month not considerably affected by the pandemic. By comparability, the GVA for the entire UK economic system was 1.0% increased than in February 2020.
The month-to-month cumulative GVA desk has been revised since its publication to incorporate information from the cultural sector (as of October 5, 2022). This column beforehand duplicates Inventive Industries in error. There aren’t any adjustments to the textual content on the abstract web page.
August 18, 2022.
About this launch
These financial estimates are official statistics used to supply an estimate of the financial contribution of DCMS sectors by way of gross worth added (GVA), for the interval January 2019 to June 2022. Forecast month-to-month GVA in 2019 and 2020 was first revealed in March 2021 as an advert hoc statistical launch. This launch comprises new figures for April to June 2022 and revised estimates for earlier months.
The estimates are in chained quantity measures (ie they’ve been adjusted for inflation) and are seasonally adjusted. These newest month-to-month estimates ought to solely be used as an instance basic developments, not as definitive figures.
You should use these estimates to:
- Study relative indicative adjustments in GVA over time for DCMS sectors and sub-sectors
You shouldn’t use these estimates for:
- Quantify GVA for a particular month
- Measure absolutely the change in GVA over time
- Decide outcomes for DCMS sectors which can be outlined utilizing extra detailed trade lessons (as information sources are solely obtainable at broader trade ranges)
Annual GVA “month-to-month sum”
DCMS annual GVA estimates by sector, based mostly on the month-to-month collection, at the moment are included on this launch for 2019 to 2021. These are calculated by summing the month-to-month estimates for the calendar 12 months and had been first revealed for 2019 and 2020 in Nationwide Financial Estimates of the DCMS Sector: 2011 – 2020.
These estimates have been revealed, updating what was first revealed final 12 months, to satisfy the rising demand for annual GVA figures past the 2019 estimates in our publication GVA Nationwide Statistics. These estimates stay the strongest for our sectors, however estimates for years after 2019 have been delayed because of the coronavirus (COVID-19) pandemic.
Subsequently, these annual “summed month-to-month” GVA estimates can be utilized however shouldn’t be thought of definitive.
The outcomes are calculated based mostly on revealed ONS information sources together with the Companies Index and the Manufacturing Index.
These information sources present an estimate of the month-to-month change in GVA for all UK industries. Nonetheless, information is just obtainable for broader trade teams, whereas DCMS sectors are outlined at a extra detailed trade stage. For instance, the GVA for “cultural schooling” is estimated based mostly on the development for all schooling. Sectors akin to “cultural schooling” might have been impacted otherwise by COVID-19 in comparison with schooling basically. These estimates are additionally based mostly on the composition of the economic system in 2019. General, because of this month-to-month GVA accuracy for DCMS sectors is more likely to be decrease through the months of 2020 and 2021.
The Technical Steering comprises further info on information sources, methodology, and the validation and accuracy of those estimates.
Figures are provisional and topic to revision on a month-to-month foundation when the ONS Companies Index and Manufacturing Index are up to date. The figures for the final month will probably be very unsure.
The affect of those revisions is highlighted within the following instance; for the revisions utilized in February 2022, the typical change within the month-to-month GVA of the DCMS sector was 0.6%, however there have been bigger variations for sure sectors, sure months, for instance, the worth of the sports activities sector in Might 2021 has been revised from £1.27 billion to £1.45. billion, a distinction of 13.8%.
These statistics cowl the contributions of the next DCMS sectors to the UK economic system;
- Inventive industries
- Cultural sector
- Digital sector
Customers ought to word that there’s an overlap between the definitions of the DCMS sector and that the telecommunications sector is totally a part of the digital sector.
Civil society was first included within the month-to-month GVA publication containing information as much as March 2022 and has been included once more right here. It was additionally included for the primary time within the annual “month-to-month sums” estimates.
Well timed estimates of tourism GVA aren’t obtainable at current, on account of an absence of applicable information.
Suggestions and session
DCMS goals to repeatedly enhance the standard of estimates and higher meet consumer wants. DCMS welcomes suggestions on this launch. Feedback ought to be despatched to DCMS by electronic mail to [email protected]
The UK Statistics Authority
This launch is issued in accordance with the Code of Follow for Statistics (2018) produced by the UK Statistics Authority (UKSA). The UKSA’s total goal is to advertise and defend the manufacturing and publication of official statistics which serve the general public good. It displays and stories on all official statistics and promotes good follow on this space.
The hooked up pre-release entry doc lists the ministers and public servants who’ve been granted privileged precedence entry to this launch. Consistent with finest follow, the checklist was saved to a minimal and people approved to entry it for informational functions had a most of 24 hours.
Lead Statistician: Rachel Moyce
If in case you have any questions or feedback, please contact [email protected]