2022
9
UK B2B Economic Outlook – Autumn 2022
2022-09-25T04:10:01+01:00
OX1102587
1495
155923
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Report
en_GB
“As the service sector recovers and stabilises from the impact of COVID-19, firms are now facing a new and sustained challenge from rapidly rising prices. This will stifle growth across…

UK B2B Economic Outlook – Autumn 2022

£ 1,495 (Excl.Tax)

Description

“As the service sector recovers and stabilises from the impact of COVID-19, firms are now facing a new and sustained challenge from rapidly rising prices. This will stifle growth across the economy as inflation hits supply chains from producers through to end-consumers”
– Lewis Cone, Senior B2B Analyst

This Report looks at the following areas:

  • Economic overview
  • Business health
  • Special focus: B2B services
  • What’s next?

Table of Contents

  1. Overview

    • What you need to know
    • Economic overview
    • Business health
    • Special focus: B2B services
    • What’s next?
  2. Economic Overview

    • Recession fears emerge as Q2 growth enters negative territory
      • Figure 1: GDP quarter-on-quarter growth rate, Q1 2021-Q2 2022
    • Bank rate rises for the fifth time this year as inflationary pressures continue to reach new highs…
      • Figure 2: Bank Rate, by date of adjustment, 2008-22
    • …with CPI reaching a four-decade high amid no signs of slowing down
      • Figure 3: Consumer Price Index, by 12-month rate, 2021-22, (%)
    • Growth in real earnings fails to keep pace with inflation
      • Figure 4: Real average weekly earnings, total pay, 2021-22, (% monthly change year-on-year, seasonally adjusted)
  3. Business Health

    • Almost a quarter of businesses report a fall in turnover…
      • Figure 5: UK business turnover, at the start of 2021, by business sector, (£ million)
      • Figure 6: Finance performance of UK businesses, 2020 vs 2021 vs 2022
    • …whilst company insolvencies rise as debt repayments grow alongside increasing cost burden
      • Figure 7: Underlying company insolvencies in England and Wales, seasonally adjusted, Q1 2020-Q2 2022
    • Private sector profitability stabilises but business investment weakens
      • Figure 8: UK PNFCs net rate of return, Q1 2020-Q1 2022
      • Figure 9: UK total business investment, chained volume measures and not seasonally-adjusted (£ billions), Q2 2020-Q2 2022
  4. Special Focus – B2B Services

    • Services output recovered to pre-pandemic levels in Q4 2021
      • Figure 10: Index of quarterly output in services, Q1 2018-Q2 2022 (index)
      • Figure 11: Service categories output, February 2020 vs June 2022 (index)
    • Output from health and social care services reached an index high at the turn of the year
    • Accommodation boosted by lingering anxiety over foreign travel as a result of lingering consumer COVID-19 anxieties…
    • …but airlines face challenges to meet growing demand
    • Delivery services accelerate green revolution but challenges remain
    • Improvements in tech and infrastructure boost viability of EVs…
    • …and offer timely fuel cost savings
  5. What’s Next?

    • As the impact of COVID-19 recedes, inflation poses a new threat
    • Air transport staff shortages and meeting pent-up demand
    • The private healthcare industry and the struggle of tackling the NHS backlog
  6. Appendix – Abbreviations

    • Abbreviations

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

Market

Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.

Consumer

Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.

Brand/Company

Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.

Data

Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.

*databooks not available with UK B2B Industry reports.

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Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.

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