Gross Value Added (GVA)

Key Improving     Worsening      Steady        Unknown   The trend is calculated by comparing the latest 2 data points

Data in millions of pounds
Overall the trend is improving.
Gross value added (GVA) represents the amount that individual businesses, industries or sectors contribute to the economy. Broadly, this is measured by the income generated by the business, industry or sector less their intermediate consumption of goods and services used up in order to produce their output. GVA consists of labour costs (e.g. wages and salaries) and an operating surplus (or loss). The latter is a good approximation to profits. The cost of capital investment, financial charges and dividends to shareholders are met from the operating surplus.