DCMS Sectors Economic Estimates: Monthly GVA (to September 2022)
Experimental Official Statistics used to provide an estimate of the contribution of DCMS Sectors to the UK economy, measured by GVA (gross value added).
Documents
Details
Headline findings
Reported DCMS Sector GVA is estimated to have fallen by 0.4% from Quarter 2 (April to June) to Quarter 3 2022 (July to September) in real terms. By comparison, the whole UK economy fell by 0.2% from Quarter 2 to Quarter 3 2022.
GVA of reported DCMS Sectors in September 2022 was 6% above February 2020 levels, which was the most recent month not significantly affected by the pandemic. By comparison, GVA for the whole UK economy was 0.2% lower than in February 2020.
Released
16 November 2022
About this release
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 2022. Provisional monthly GVA in 2019 and 2020 was first published in March 2021 as an ad hoc statistical release. This current release contains new figures for July to September 2022 and revised estimates for previous months, in line with the scheduled revisions that were made to the underlying ONS datasets in October 2022.
Estimates are in chained volume measures (i.e. have been adjusted for inflation), at 2019 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 DCMS sectors that are defined using more detailed industrial classes (due to the data sources only being available at broader industry levels)
“Summed monthly” Annual GVA
Estimates of annual GVA by DCMS Sectors, based on the monthly series, are included in this release for 2019 to 2021. These are calculated by summing the monthly estimates for the calendar year and were first published for 2019 and 2020 in DCMS Sector National Economic Estimates: 2011 - 2020.
Since August 2022, we have been publishing these estimates as part of the regular published series of GVA data, with data being revised in line with revisions to the underlying ONS datasets, as with the monthly GVA estimates. These estimates have been published, updating what was first published last year, in order to meet growing demand for annual figures for GVA beyond the 2019 estimates in our National Statistics GVA publication. The National Statistics GVA publication estimates remain the most robust for our sectors, however estimates for years after 2019 have been delayed owing to the coronavirus (COVID-19) pandemic.
Consequently, these “summed monthly” annual estimate figures for GVA can be used but should not be seen as definitive.
Data sources
The findings 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’ 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 2019. 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.
Revisions
Figures are provisional and subject to revision on a monthly basis when the ONS Index of Services and Index of Production are updated. Figures for the latest month will be highly uncertain.
An example of the impact of these revisions is highlighted in the following example; for the revisions applied in February 2022 the average change to DCMS sector monthly GVA was 0.6%, but there were larger differences for some sectors, in some months e.g. the value of the Sport sector in May 2021 was revised from £1.27 billion to £1.45 billion, a 13.8% difference.
Content
These statistics cover the contributions of the following DCMS sectors to the UK economy;
- Civil Society
- Creative Industries
- Cultural Sector
- Digital Sector
- Gambling
- Sport
- Telecoms
Users should note that there is overlap between DCMS sector definitions and that the Telecoms sector sits wholly within the Digital Sector.
Timely estimates of Tourism GVA are not available at present, due to a lack of suitable data.
Feedback and consultation
DCMS aims to continuously improve the quality of estimates and better meet user needs. DCMS welcomes feedback on this release. Feedback should be sent to DCMS via email at evidence@dcms.gov.uk.
The UK Statistics Authority
This release is published in accordance with the Code of Practice for Statistics (2018) produced by the UK Statistics Authority (UKSA). The UKSA has the overall objective of promoting and safeguarding the production and publication of official statistics that serve the public good. It monitors and reports on all official statistics, and promotes good practice in this area.
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.