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

Author

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  • Hötte, Kerstin

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.

Suggested Citation

  • Hötte, Kerstin, 2026. "Revisiting Hötte (2025): A Companion Analysis with Extended Evidence from UK Inter-Industry Payment Data, 2017–2024," Technical Reports escoe-tr-33, Economic Statistics Centre of Excellence.
    • Handle: RePEc:eoe:escoet:escoe-tr-33
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    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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