Revisiting Hötte (2025): A Companion Analysis with Extended Evidence from UK Inter-Industry Payment Data, 2017–2024

Kerstin Hötte

Technical Reports from Economic Statistics Centre of Excellence

Abstract: In 2025, the UK Office for National Statistics released a novel dataset of monthly interindustry payment flows during January 2017 to November 2024 at the 5-digit SIC level (ONS, 2025a), covering >3.1 million UK organizations. Annual aggregates amount to 490 million transactions with an aggregate value of over £3.1 trillion in 2023. Such publicly available data are unprecedented by their granularity and timeliness, providing a rich basis for economic research and real-time policy advice. Hötte (2025) provided an empirical validation supplemented with conceptual discussions for using such bottom-up collected data in macroeconomic, industry-level, and economic network studies based on an earlier non-public and smaller version of the data. The novel data features much greater coverage, along with several methodological improvements. This paper gives an update on the earlier empirical results. It summarizes the major methodological changes of data construction, discusses key empirical observations, and their differences and consistencies relative to Hötte (2025). It concludes by discussing the implications for using payment data and outlining remaining challenges and expected future developments.

Keywords: National accounts; real-time data; payment data; economic networks; input-output table (search for similar items in EconPapers)
JEL-codes: C67 C8 D57 E01 (search for similar items in EconPapers)
Date: 2026-01-05
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.repository-escoe.com/id/eprint/87/1/ESCoE%20TR-33.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eoe:escoet:escoe-tr-33

Access Statistics for this paper

More papers in Technical Reports from Economic Statistics Centre of Excellence Economic Statistics Centre of Excellence, Melbourne House, Aldwych, WC2B 4PJ. Contact information at EDIRC.
Bibliographic data for series maintained by Communications Manager ().