Short-term output indicators: April to June 2020

Impact of coronavirus

The data for this period covers the coronavirus pandemic and shows significant decreases across the Short-Term Output Indicators. Potential impacts as a result of this are discussed throughout the report.

Estimates for Wales are typically more volatile than the UK, and as a result comparisons between the two should be made with caution, especially over the shorter term.

There has also been an impact on data collection for this quarter as a result of the coronavirus pandemic.

Main points

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All three indicators have had the largest quarterly falls since the series began in 1998.

The Index of Market Services for Wales had a 14.8% decrease in the latest quarter compared with the previous quarter in Wales. UK output decreased by 19.4%, over the same period. The fall in Wales was largely accounted for by a decrease in Distribution and Accommodation and Food Service Activities.

The long term trend for Wales shows a 6.0% decrease in the year to June 2020, compared with the previous twelve months. UK output decreased by 4.7% over the same period. These are the largest falls since the series began.

The Index of Production for Wales shows a 13.7% decrease when comparing the latest quarter to the previous quarter. UK output decreased by 16.9% over the same period. The fall in Wales was largely accounted for by a decrease in Transport Equipment.

The long term trend for Wales shows a 4.2% decrease in the year to June 2020, compared with the previous twelve months. UK output decreased by 6.6% over the same period.

The Index of Construction for Wales shows a 31.2% decrease when comparing the latest quarter to the previous quarter. UK output decreased by 35.0% over the same period.

The long term trend for Wales shows an 8.8% decrease in the year to June 2020, compared with the previous twelve months. UK output decreased by 9.3% over the same period.