"Figure 2: Services have experienced a higher net rate of return than manufacturing for the past five quarters","" "Net rate of return of UK non-continental shelf companies split by manufacturing and services, Quarter 4 (Oct to Dec) 2009 to Quarter 4 (Oct to Dec) 2019","" "","" "Notes","1. Q1 refers to Quarter 1 (Jan to Mar), Q2 refers to Quarter 2 (Apr to June), Q3 refers to Quarter 3 (July to Sept) and Q4 refers to Quarter 4 (Oct to Dec)." "Unit","%" "","" "","Manufacturing","Services" "2009 Q4","6","11.5" "2010 Q1","6.3","13" "2010 Q2","6.6","13.1" "2010 Q3","6.6","13.4" "2010 Q4","6.4","13.4" "2011 Q1","10.2","12.4" "2011 Q2","10.2","12" "2011 Q3","9","12" "2011 Q4","8.9","13.4" "2012 Q1","7.8","12.4" "2012 Q2","7.4","14.7" "2012 Q3","8.8","15.4" "2012 Q4","10.5","14.6" "2013 Q1","7.9","15.1" "2013 Q2","8.7","15.1" "2013 Q3","11.8","14" "2013 Q4","12.1","14.2" "2014 Q1","9.9","15.7" "2014 Q2","15.7","15.7" "2014 Q3","14.4","17.2" "2014 Q4","13.5","16.5" "2015 Q1","12.5","17.2" "2015 Q2","12.7","18.2" "2015 Q3","10.1","19.1" "2015 Q4","12.2","18.4" "2016 Q1","14.4","16.4" "2016 Q2","14.1","16" "2016 Q3","14.2","15.6" "2016 Q4","13.2","16" "2017 Q1","16.8","16.4" "2017 Q2","16.1","14.4" "2017 Q3","15.7","14.6" "2017 Q4","17.7","14.6" "2018 Q1","16.2","13.4" "2018 Q2","14.7","13.5" "2018 Q3","16","13.7" "2018 Q4","14.2","14.4" "2019 Q1","12.3","15.7" "2019 Q2","11.9","15.4" "2019 Q3","10.9","15.1" "2019 Q4","9.4","14.9"