The Bank of England industry dataset

This paper describes the sources and methods used to construct the Bank of England industry dataset. In its current form, the dataset comprises annual data on 34 industries covering the whole economy over the period 1970-2000. The main variables are gross output, value added, capital, labour and intermediate input. Capital input is built up from the services of seven assets, of which three are ICT (computers, software and communications equipment). Each industry’s intermediate input is an aggregate of purchases from all other industries and from imports. Labour input is measured by hours worked, but with an adjustment for quality change derived from aggregate data. We employ U.S. methods to measure ICT. Apart from this, the dataset is consistent with the UK national accounts both in real and nominal terms.