DCMS Economic Estimates: Monthly GVA (to September 2024)
Official Statistics estimating the contribution of DCMS Sectors, to the UK economy, measured by GVA (gross value added).
Documents
Details
These estimates are the first to include scheduled revisions from the Office for National Statistics (ONS) National Accounts Blue Book 2024. National Accounts Gross Value Added (GVA) estimates incorporate scheduled revisions as more data becomes available. These revisions have affected monthly GVA data back to the start of our series (2019) for many industries in DCMS sectors.
We expect revisions to GVA in the National Accounts Blue Book 2024 to affect our annual GVA estimates too. Annual GVA is more robust than this monthly data, but the annual data currently available does not incorporate these revisions. To address this, we are bringing forward a tables-only update to our Annual GVA publication to 19 December 2024. A more complete release will follow in January 2025.
Alongside these quarterly releases, we often sum monthly GVA to produce or update estimates for each calendar year. All of the data required to calculate these estimates is available in the published tables. At the time of publication, Blue Book revisions have not yet been applied to our more robust, annual GVA measure. We have not presented summed monthly data here this quarter to reduce the risk of confusion.
Headline findings
All level estimates in this release are presented in 2022 prices.
DCMS sectors (excluding tourism)
In September 2024, these early estimates indicate that GVA by DCMS sectors fell by around 1.0% compared to August 2024, while GVA by the UK as a whole fell by 0.1%.
Looking at the quarter as a whole, in the three months to September 2024, GVA by the included DCMS sectors is estimated to have grown slightly by 0.2% compared with the three months to June 2024, while the UK economy as a whole is estimated to have grown slightly by 0.1%.
Since February 2020 (pre-pandemic), these early estimates indicate that included DCMS sector GVA has grown at a slightly slower rate than the UK as a whole at a 2% increase compared to 3% for the UK economy, though trends vary by sector.
Released
27 November 2024
About this release
The DCMS Sector total reported here includes civil society, creative industries, cultural sector, gambling and sport. Tourism is not included as the data is not yet available (see note in data table).
Monthly estimates
These Economic Estimates are Official Statistics, used to provide an estimate of the economic contribution of DCMS sectors, in terms of gross value added (GVA), for the period January 2019 to September 2024. This current release contains first estimates for July to September 2024.
Estimates are in chained volume measures (i.e. have been adjusted for inflation), at 2022 prices, and are seasonally adjusted. These latest monthly estimates should only be used to illustrate general trends, not used as definitive figures.
You can use these estimates to:
- look at relative indicative changes in GVA over time for DCMS sectors and subsectors
You should not use these estimates to:
- quantify GVA for a specific month
- measure absolute change in GVA over time
- determine findings for sectors that are defined using more detailed industrial classes (due to the data sources only being available at broader industry levels)
Data sources and technical information
The estimates are calculated based on published ONS data sources including the Index of Services and Index of Production.
These data sources provide an estimate of the monthly change in GVA for all UK industries. However, the data is only available for broader industry groups, whereas DCMS sectors are defined at a more detailed industrial level. For example, GVA for ‘cultural education’ (a sub-sector of the cultural sector within the DCMS sectors) is estimated based on the trend for all education. Sectors such as ‘cultural education’ may have been affected differently by COVID-19 compared to education in general. These estimates are also based on the composition of the economy in 2022. Overall, this means the accuracy of monthly GVA for DCMS sectors is likely to be lower for months in 2020 and 2021.
The technical guidance contains further information about data sources, methodology, and the validation and accuracy of these estimates. The latest version of this guidance was published in November 2023.
Content
These statistics cover the contributions of the following sectors to the UK economy.
DCMS Sectors:
- civil society
- creative industries
- cultural sector
- gambling
- sport
Users should note that there is overlap between DCMS sector definitions and that several cultural sector industries are simultaneously creative industries.
Timely estimates of tourism GVA are not available at present, due to a lack of suitable data.
Feedback and consultation
We aim to continuously improve the quality of estimates and better meet user needs. We welcome feedback on this release. Feedback should be sent via email to evidence@dcms.gov.uk.
Office for Statistics Regulation .
Our statistical practice is regulated by the OSR. OSR sets the standards of trustworthiness, quality and value in the Code of Practice for Statistics that all producers of official statistics should adhere to.
You are welcome to contact us directly with any comments about how we meet these standards by emailing evidence@dcms.gov.uk. Alternatively, you can contact OSR by emailing regulation@statistics.gov.uk or via the OSR website.
Pre-release access
The accompanying pre-release access document lists ministers and officials who have received privileged early access to this release. In line with best practice, the list has been kept to a minimum and those given access for briefing purposes had a maximum of 24 hours.
Contact
Responsible statistician: Rachel Moyce
For any queries or feedback, please contact evidence@dcms.gov.uk.