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 financial 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% larger than ranges in February 2020, which was the newest month not considerably affected by the pandemic. By comparability, the GVA for the entire UK financial system was 1.0% larger 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 modifications to the textual content on the abstract web page.
August 18, 2022.
About this launch
These financial estimates are official statistics used to offer an estimate of the financial contribution of DCMS sectors when it comes to 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 incorporates 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 for instance common traits, not as definitive figures.
You should utilize these estimates to:
- Look at relative indicative modifications in GVA over time for DCMS sectors and sub-sectors
You shouldn’t use these estimates for:
- Quantify GVA for a selected month
- Measure absolutely the change in GVA over time
- Decide outcomes for DCMS sectors which can be outlined utilizing extra detailed business courses (as information sources are solely accessible at broader business ranges)
Annual GVA “month-to-month sum”
DCMS annual GVA estimates by sector, based mostly on the month-to-month collection, are actually included on this launch for 2019 to 2021. These are calculated by summing the month-to-month estimates for the calendar yr and have 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 yr, 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-about 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 simply accessible for broader business teams, whereas DCMS sectors are outlined at a extra detailed business stage. For instance, the GVA for “cultural schooling” is estimated based mostly on the pattern for all schooling. Sectors resembling “cultural schooling” could have been impacted otherwise by COVID-19 in comparison with schooling basically. These estimates are additionally based mostly on the composition of the financial system in 2019. Total, which means month-to-month GVA accuracy for DCMS sectors is prone to be decrease throughout the months of 2020 and 2021.
The Technical Steering incorporates 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 shall be very unsure.
The influence of those revisions is highlighted within the following instance; for the revisions utilized in February 2022, the common 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 Could 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 financial system;
- Inventive industries
- Cultural sector
- Digital sector
Customers ought to observe that there’s an overlap between the definitions of the DCMS sector and that the telecommunications sector is completely 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 accessible at current, because of an absence of applicable information.
Suggestions and session
DCMS goals to constantly enhance the standard of estimates and higher meet consumer wants. DCMS welcomes suggestions on this launch. Feedback needs to be despatched to DCMS by e mail to [email protected]
The UK Statistics Authority
This launch is issued in accordance with the Code of Apply for Statistics (2018) produced by the UK Statistics Authority (UKSA). The UKSA’s total intention is to advertise and defend the manufacturing and publication of official statistics which serve the general public good. It displays and studies 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. In step 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]