Measuring Market Sector Activity in the United Kingdom

11 Pages Posted: 13 Dec 2006

See all articles by Rohan Churm

Rohan Churm

Bank of England - Monetary Analysis

Ryland Thomas

Bank of England - Monetary Analysis

Sylaja Srinivasan

Bank of England - Monetary Analysis

Sanjiv Mahajan

Office for National Statistics (ONS)

Fenella Maitland-Smith

International Monetary Fund (IMF) - Statistics Department

Geoff Tily

Office for National Statistics (ONS)

Abstract

A measure of private or market sector activity is useful for assessing demand pressures and productivity trends in the economy. This article discusses the practical issues involved in constructing a measure of the market sector's gross value added (MSGVA) for the United Kingdom. It looks at the existing estimates currently constructed by the ONS and the Bank of England using National Accounts data, and discusses how the Bank of England uses these estimates when analysing demand pressures in the economy.

Suggested Citation

Churm, Rohan and Thomas, Ryland and Srinivasan, Sylaja and Mahajan, Sanjiv and Maitland-Smith, Fenella and Tily, Geoff, Measuring Market Sector Activity in the United Kingdom. Bank of England Quarterly Bulletin 2006. Available at SSRN: https://ssrn.com/abstract=950952

Rohan Churm

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Ryland Thomas (Contact Author)

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Sylaja Srinivasan

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Sanjiv Mahajan

Office for National Statistics (ONS) ( email )

Room 1.227, National Accounts Coordination
Government Buildings, Cardiff Road
Newport, Wales, NP10 8XG
United Kingdom
01633 45 5294 (Phone)

Fenella Maitland-Smith

International Monetary Fund (IMF) - Statistics Department ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Geoff Tily

Office for National Statistics (ONS) ( email )

London, SW1A 2AA
United Kingdom

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