Output and employment in the financial sector
Valerie Fender and
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Barry Williams: Office for National Statistics
Valerie Fender: Office for National Statistics
Steve Drew: Office for National Statistics
Economic & Labour Market Review, 2009, vol. 3, issue 7, 18-25
This article describes how the quarterly output of the financial services sector is measured in the National Accounts. Then at a sub-sector level, an analysis of recent employment and output trends is presented to describe the impact of the current economic downturn on the activity of the sector. The sub-sectors analysed include banks, building societies, investment trusts, life insurance, non-life insurance and pension funding. Economic & Labour Market Review (2009) 3, 18–25; doi:10.1057/elmr.2009.122
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