Describe Trends in Business English - Describing Statistics, Sales and Market Trends

109,289 views ・ 2021-04-22

Oxford Online English


Please double-click on the English subtitles below to play the video.

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Hi, I’m Kasia.
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In this lesson, you can learn how  to describe trends and statistics,  
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with a focus on business English use. That means  you’ll learn how to describe sales figures,  
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market trends, and company successes or failures.
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You’ll see useful language to talk  about statistics in different ways,  
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including how to describe line graphs, proportions  and pie charts, and comparing different trends.
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Do you want English subtitles while watching  this video? Click the ‘CC’ button in the bottom  
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right now to turn on English subtitles if you need  them. On a mobile device, tap the settings button.
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Now, let’s look at our first topic: how to  describe sales figures in different time periods. 
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Sales to the 18 to 35 age group increased  consistently over the year. Sales rose from  
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just under two million in the first quarter  to a little over two million by the end of Q4.
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Sales were strongest overall  to the 36 to 50 demographic,  
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with figures improving by five million between  Q1 and Q3. However, the most spectacular  
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results were seen in Q4; sales doubled  from Q3, reaching a peak of 15 million.
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For the 51 to 65 group, results were  solid but there was only a negligible  
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increase for the full year. Sales  initially fell between Q1 and Q2,  
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but recovered from four million in  Q2 to 6.5 million by the end of Q4.
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Finally, sales to those aged 66 and up  decreased steadily throughout the year.  
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Sales fell from eight million in the first  quarter to two million by the end of Q4. There  
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was a particularly pronounced decline between  Q2 and Q3, when sales dropped by three million. 
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Look at a sentence. 
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What word could you use to complete the  sentence? There’s more than one possible  
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answer! Pause the video and think about  it. Try to get as many answers as you can. 
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You could say: ‘Sales *increased*  from 150 million to 200 million.’ 
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Or, you could say: ‘Sales *rose*  from 150 million to 200 million.’
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You could also say ‘grew’, ‘improved’,  
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or ‘climbed’. Note that you can only use ‘improve’  if you’re talking about something positive. 
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All these verbs follow the same pattern. However, you can use them in other ways.  
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Look at two sentences. Do you know the difference? Could you explain it? 
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Let’s do this by example. 
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If these are the figures, which is correct?  Did sales increase *to* 1,000, or *by* 1,000?
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The correct answer is: ‘Sales increased  
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*to* 1,000’. What about ‘increased  by’? What would the numbers look like? 
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If sales increased *by* 1,000,  the numbers might look like this. 
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The same rule works with the other verbs you saw  before: ‘rise’, ‘grow’, ‘improve’ and ‘climb’.
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Look at one more sentence: 
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How many words could you use  to complete this sentence? 
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You could say ‘decrease’, but again  there are other possibilities;  
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‘fall’ and ‘drop’ are also common. You could also  use ‘decline’, although it’s rarer as a verb.
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You can use the same patterns you saw before.  For example, you can say that something  
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decreased from something to something.  Or, you can use ‘by’ after these verbs.
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Finally, many of these verbs can also be used  as nouns. For example: ‘There was a large  
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increase in sales figures in  the first quarter of the year.’ 
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‘There was a steady fall in  advertising revenues throughout 2019.’ 
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‘We experienced a sudden drop  in web traffic in August.’ 
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In some cases, the noun form is  different, as in ‘grow - growth’, 
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or ‘improve - improvement’. You can use these nouns in the way you just saw.  
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For example: ‘There was a steady growth  in advertising revenues throughout 2019.’
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Now, you should have many  different ways to describe trends.  
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Let’s see how you can describe  percentages and proportions.
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More than half (55%) of our sales were vehicle  insurance. The second highest performer was  
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home insurance, making up one-fifth of policies  sold. Life and health insurance each comprised  
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ten per cent of total sales, while travel  insurance accounted for the smallest  
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percentage of sales, at just five per cent. If you want to talk about percentages and  
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proportions, you’ll need to use different language  compared to talking about trends and quantities.
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Look at some sentences you  heard in the presentation. 
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Can you remember the missing words? Pause the  video and try to find the answers. If you want,  
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you can also go back and review the presentation.
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Ready? Let's check.
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To talk about proportions, you might need to  talk about fractions, like in sentence one.
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Do you know other words for fractions in English? 
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You can say ‘a third’, ‘a quarter’, ‘a fifth’,  and so on. Then, you can add words like  
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‘more than’ or ‘less than’ to  describe things more accurately.
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For example: ‘Less than a third of customers  said they would recommend us to a friend.’ 
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‘More than three quarters of  purchases were through our website.’ 
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You might also need verbs like  ‘comprise’ or ‘account for. 
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A similar verb is ‘make up’. You heard ‘The  second highest performer was home insurance,  
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making up one-fifth of policies sold.’ You can use these verbs with percentages  
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or fractions. For example, you can say ‘Clothing  sales accounted for 80% of our revenue last year.’ 
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Or, you could say ‘Clothing sales accounted  for four-fifths of our revenue last year.’
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Again, you can add a modifier, like ‘more than’  or ‘approximately’, if you need to. For example:  
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‘Clothing sales accounted for approximately  four-fifths of our revenue last year.’ 
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Or: ‘Clothing sales accounted for just  under four-fifths of our revenue last year.’ 
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In this way, you can describe a wide range  of figures as precisely as you need to.
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Let’s move on to our next point:  describing rates of change.
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In Europe, the number of new customers fluctuated  between 2017 and 2020, but overall numbers  
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remained constant, with figures for 2020 very  close to those for the beginning of the period.
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In Asia, numbers increased in every year, but  between 2019 and 2020 there was a dramatic rise,  
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reaching a peak of 30 million  new customers gained in 2020.
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Customer acquisition in the  Americas saw steady growth,  
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with numbers rising by around  five million each year.
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In the Middle East and North Africa, the number  of new customers collapsed between 2017 and 2018,  
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reaching a low point of just half a  million in 2018. Customer acquisition  
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figures then levelled off, with only small  fluctuations over the remaining period. 
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Let’s look at some language  you saw in the presentation. 
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Look at the highlighted words. Imagine that you  want to explain what they mean to a colleague  
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who hasn’t seen them before. How would you  explain the words in English? Think about it! 
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If a figure fluctuates, it moves up and  down, but the overall change is small.  
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Here, it means that the  number increased and decreased  
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in different years, but that the number  in 2020 was close to the number for 2017. 
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A dramatic rise means a really large, sudden  increase. ‘Dramatic’ is a strong word,  
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so don’t overuse it – save it for exceptional  cases. If you want other words to describe  
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a large increase, you could say ‘a significant  rise’, ‘a considerable rise’ or ‘a large rise’.
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Remember that ‘increase’ can also be used as  a noun, so you can say ‘a dramatic rise’ or ‘a  
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dramatic increase’. You can say ‘a significant  rise’ or ‘a significant increase’, and so on. 
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‘Steady growth’ means that something increases  at a constant rate over a period of time.  
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You can also say ‘gradual growth’ or  ‘continuous growth’, with a similar meaning. 
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Finally, in sentence four,  ‘collapse’ means to decrease  
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by a large amount in a short time. ‘Collapse’ has  the meaning of something negative or destructive.  
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Generally, if something collapses,  then it doesn’t exist any more.
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‘Collapse’ can be a verb or a noun.  You can use it as a noun like this:  
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‘After the collapse of the company,  thousands were made redundant.’
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Now, let’s look at our final point.
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2020 was a strong year for our vehicle insurance  arm. In fact, in the second half of the year,  
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sales hit their highest levels ever, which made  a significant contribution to our record profits  
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for the year. The home insurance division  also did well, with a solid performance  
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throughout 2020. Although life insurance  constituted a small proportion of our total,  
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sales nonetheless outperformed expectations, and  we’re hoping to build on that growth in 2021.
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On the other hand, our health insurance  division had a disappointing year,  
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with sales falling well below expectations.  Challenging market conditions led to a significant  
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increase in customer acquisition costs, meaning  that profitability was also negatively impacted.  
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Sales of travel insurance were also poor,  although broadly in line with predictions. 
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Look at some sentences from the presentation  relating to a strong sales performance. 
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Can you remember or guess the missing words?  Pause the video and try to find your answers. 
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Let’s take a look. 
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Sales figures can be strong if they’re  better than expected. You can also use  
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general words like ‘good’ or ‘excellent’. In sentence two, you can also say ‘reached’.  
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If sales hit their highest levels ever, then  you could say that you set a new record.
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You set a new record when you reach a level  which is better than you ever have in the past. 
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In sentence three, ‘outperform’ means to  perform better than expected. The opposite verb  
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is ‘underperform’, so if figures are  
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worse than expected, you could say that  a department or a company underperformed. 
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What about if sales were poor?  Look at three more sentences. 
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Can you remember the missing words? You know what  to do! Pause the video and get your answers now. 
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Could you remember? Let’s look together. If sales are worse than you expected,  
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you could also describe them as  ‘weak’, ‘poor’, or just ‘bad’. 
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In sentence two, ‘challenging’ means  something like ‘difficult’. ‘Challenging  
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market conditions’ means that doing business  and making sales is harder than it normally is. 
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Don’t forget: the presentations contain  many more examples of language you can use  
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to describe market trends and company performance.  
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Review them several times and find words  and phrases which you can use in your work!
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Thanks for watching!
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See you next time!
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