![]() Gross rates of return are available in the dataset with this release. "Capital consumed" refers to the decline in the current value in the stock of fixed assets (for example, owing to depreciation). "Net" refers to the rate of return after having accounted for the current value of capital consumed and capital stocks. The rate of return is calculated as the economic gain (profit) shown as a percentage of the capital used in production. Net rate of return is used as the measurement of company profitability throughout this bulletin, except in the international comparisons section. Non-UKCS companies are further split into manufacturing companies, companies providing non-financial services and other industries (including construction electricity and gas supply agriculture and mining and quarrying). Private non-financial corporations (PNFCs) comprise UK continental shelf (UKCS) companies and other non-financial UK (non-UKCS) companies. Glossary Private non-financial corporations The average price per therm of wholesale gas for Quarwas 64.26 pence compared with 27.95 pence in Quarter 3 2019.ħ. For comparison, the price of Brent crude dropped 26.5% between Quarand Quarter 3 2019. However, the continued fall in the net rate of return since Quaris being driven by the downward fall in the price of both commodities. These factors combined to produce the lowest net rate of return for this sector since Quarter 3 2017.Ĭompared with Quarter 3 2018, production remained stable for both oil and gas. Similarly, a fall in oil production from the previous quarter coupled with a drop in the quarter-on-quarter price of Brent crude has contributed to lower sales receipts. The price of wholesale gas decreased in Quarand this, combined with a fall in production, contributed to a reduction in sales of gas. This is the fourth consecutive quarter of falling profitability. This was down 2.3 percentage points from the revised estimate of 3.6% in Quarter 2 (Apr to June) 2019. The estimated net rate of return for UK continental shelf (UKCS) companies in Quarter 3 (July to Sept) 2019 fell to 1.3% (Figure 3). The British Chambers of Commerce reports that the balance of firms reporting increased export sales dropped to its lowest level since Quarter 4 (Oct to Dec) 2015. This is still a strong rate of return when compared with Quar(13.7%). The net rate of return for services companies in Quarfell to 15.2%, from a revised estimate in Quarof 15.6% (Figure 2). Also, manufacturers of construction products said that domestic demand had fallen because of a lack of major infrastructure and commercial projects. The Bank of England (BoE) summary report for Quarreports that manufacturing output and exports grew at their slowest rate in three years, as weaker global growth and Brexit uncertainty dampened demand. They also reported that a driver of growth was the food, drink and tobacco industry. Order books of manufacturing firms were reported below normal. The Confederation of British Industry (CBI) reported that manufacturing output was flat in Quarter 3 2019. There were positive signs for the manufacturers of chemicals and chemical products alongside food products, beverages and tobacco, which have reported growth overall. The manufacturers of computers, electronic and optical products, and of electrical products, were reporting a decline in their profit data and were mainly responsible for the fall in the net rate of return. In Quarter 3 (July to Sept) 2019, the net rate of return for manufacturing companies fell to 11.1% from the revised estimate of 12.0% in Quarter 2 (Apr to June) 2019 (Figure 2).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |