Short-term output indicators: July to September 2022

Impact of coronavirus

These estimates cover July to September 2022 and annual estimates for October 2021 to September 2022.

Estimates for individual quarters can fluctuate, and estimates for Wales are typically more volatile than for the UK, therefore a consideration of longer-term trends and comparisons are recommended.

Main points

Short-term output indicators, July 2000 to September 2022

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The line chart shows the time series for the indices of production, construction, and market services since 2000. All three indices for Wales increased on an annual basis; the latest four quarters (October 2021 to September 2022). On a quarterly basis, construction showed increases whilst market services and production showed decreases. This follows a period of change with the largest quarterly decreases on record in April to June 2020 (which included part of the initial lockdown period) and the subsequent largest increases on record during July to September 2020 (reflecting the easing of restrictions over the summer months).

Source: Short-term output indicators, Welsh Government and Office for National Statistics

Index of Market Services

• The longer-term trend shows a 4.3% increase for Wales and a 6.8% increase for the UK in the year to September 2022, compared with the previous twelve months.
• In Wales, six of the nine Market Service industry indices increased on an annual basis.
• The Index of Market Services for Wales shows a 0.6% decrease when compared to the previous quarter. UK output decreased by 0.2% over the same period.

Index of Production

• The longer-term trend shows a 1.5% increase for Wales and a 3.2% decrease for the UK in the year to September 2022, compared with the previous twelve months.  
• The Index of Production for Wales shows a 4.5% decrease when compared to the previous quarter. UK output decreased by 2.5% over the same period.

Index of Construction

• The longer-term trend shows a 10.2% increase for Wales and a 5.3% increase for the UK in the year to September 2022, compared with the previous twelve months.  
• The Index of Construction for Wales shows a 1.5% increase when comparing the latest quarter to the previous quarter. UK output decreased by 0.2% over the same period.