Creative industries outshine wider economy | News

Davida Erdahl

The sector is now really worth £111.7bn in gross value additional (GVA) to the Uk – additional than the automotive, lifetime sciences, aerospace and oil and gas industries merged, in accordance to the Inventive Industries Federation. 

It grew by 7.four% in genuine conditions in excess of the 2017 to 2018 interval, in contrast to a 1.four% amount of progress for the financial system as a whole.

All sectors in just the resourceful industries described genuine-time period progress, including trend and style and design which grew by 2.nine%. 

Other sectors involved architecture (up 7.8%), advertising and marketing (up 11.5%) and resourceful tech including game titles (up 10.three%). New music, performing and visible arts grew by 2.three%, publishing by three.5%, crafts by 2.four%, movie, Television, radio and photography by three% and museums, galleries and libraries by 1.nine%.

The resourceful industries now make up 5.8% of the Uk financial system.

Caroline Norbury, CEO

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