The education section P remains close to its level at the start of with its Index of Services contribution having decreased by 0. Higher education has seen substantial changes in the way that it is funded through changes to tuition fees. Figure 4 shows the impact of removing these industries from the services sector. Figure 4: The public sector-dominated industries cushioned the services sector during the recession but then grew at a slower rate Seasonally adjusted, January to December The differences between the services sector with and without public sector-dominated industries are clear.
The effect of the public sector-dominated industries was to cushion the services sector during the recession, moderating its decline. However, as the sector came out of the recession period the growth of the public sector-dominated industries was slower than the growth of the rest of the sector.
This was the case for all three sectors that each had average quarter-on-quarter growth rates lower than the Index of Services from Quarter 1 to Quarter 4 Growth in these three sectors has remained slow in recent years.
Between Quarter 1 and Quarter 4 , the average quarter-on-quarter growth of sectors O, P and Q were 0. Figure 5: The wholesale, retail and motor trade section increased its contribution by 2. Download this chart Figure 5: The wholesale, retail and motor trade section increased its contribution by 2. The wholesale, retail and motor trade sector grew strongly between Quarter 1 Jan to Mar and Quarter 4 Oct to Dec , increasing by This growth came from strength across the sector.
There is a strong link between the motor trade industry and the manufacture of motor vehicles, though the impact of imported vehicles can give rise to differing growth profiles. Both industries have performed poorly since Quarter 2 , with average quarter-on-quarter growth to Quarter 4 , a negative 0. This is due to changes in Vehicle Excise Duty, new emissions tests in the form of the worldwide harmonised light vehicle test procedure, and a general fall in consumer demand since mid Despite this, the industry increased its contribution to top-level services by 0.
In a similar vein, wholesale trade and retail trade have a strong relationship. The wholesale and retail trade industries performed particularly strongly between Quarter 2 and Quarter 4 , with average quarter-on-quarter growths of 1.
This is substantially higher than their averages across the decade of 0. One substantial change that took place within the retail industry has been the growth in online sales. Internet retail sales on average accounted for just 4.
This reflects a trend across the sector with technology becoming increasingly important over the decade. Figure 6: The transport and storage section increased its contribution by 0. Download this chart Figure 6: The transport and storage section increased its contribution by 0. The transportation and storage sector remains close to its Quarter 1 Jan to Mar level in Quarter 4 Oct to Dec , finishing the decade at 0. The industries that have dominated the contribution changes in the section over the decade are 50, water transport, and 51, air transport.
Data for air transport are supplied by the Civil Aviation Authority. Figure 7: The accommodation and food services section increased its contribution by 1. The industry provides services to both private and commercial clients. Underwriting life and disability do not fall within this industry, although general health insurance does. Over the five years through , industry revenue is expected to decline at a compound annual rate of 0. At the start of the period, investment income faltered as bond yields were constrained due to Bank of England interest rate decreases and corporate The Management Consultants industry covers a broad range of consulting services, including strategic and organisational planning, marketing, IT, human resource consulting and business process management.
Over the five years through , industry revenue is expected to grow at a compound annual rate of 4. This growth has largely been driven by rising demand for IT consulting services. In addition, regulatory changes in the financial services sector, the industry's largest downstream market, have benefited the industry, as banks and other financial institutions have required assistance to reformulate business strategies and operations in order to comply with new The pharmaceutical and healthcare supply chain is characterised by extreme change.
The loss of patent protection for several high-profile drugs hampered performance because it tends to lower the revenue generated from such drugs. Increasingly stringent regulation has encouraged greater consumption of generic medicines and intensified downward pricing pressures.
Despite this, opportunities for growth remain. In response to rising competitive pressures, some operators have consolidated or merged to extend their role within the pharmaceutical and healthcare supply chain, and to increase their product portfolios and geographical presence. Pharmaceutical wholesalers have also benefited from an expanding and ageing population.
Over the five years The Computer Consultants industry is composed of businesses that provide expert advice and assistance in planning and designing computer systems that integrate computer hardware, software and communication technologies.
Computer consultants provide services to clients in all sectors of the economy, although the financial services and public sectors are particularly important markets. Demand for industry services is largely influenced by business confidence levels, which typically rise and fall in line with general economic conditions, and technological advancements, particularly those that are beneficial to businesses.
With the exception of , when revenue grew only marginally due to the economic slowdown caused by the Download a free sample report today to discover the breadth and depth of information available at your fingertips! Toggle navigation. The ideal entry-level account for individual users. Corporate solution including all features.
Statistics on " United Kingdom " The most important statistics. The most important statistics. Further related statistics. Further Content: You might find this interesting as well. Learn more about how Statista can support your business. World Bank. July 21, In Statista. Accessed November 12, United Kingdom: Distribution of gross domestic product GDP across economic sectors from to Statista Inc.. Accessed: November 12, Popular Courses. Part Of.
Introduction to Economics. Economic Concepts and Theories. Economic Indicators. Real World Economies. Markets International Markets. Table of Contents Expand. Effect of Brexit on its Economy. The services sector—which comprises many industries including finance, retail, and entertainment—accounts for more than three-quarters of the U. The European Union is the U. Article Sources.
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