The ONS Index of Services for the quarter to June shows that the index for output (seasonally-adjusted chained volume of gross value added or GVA) fell by 0.6% compared with the previous quarter. Taking the index back to April it increased by 0.2%. The index comprises five components: distribution, hotels and restaurants, transport and communication, business services and finance and government and other services.
In the quarter to June the only increase was in hotels and restaurants at 0.8%. In the latest month the greatest increase was in distribution. There was a decrease of 0.8% in business services and finance. The most significant decreases were in computer services and other business services.
Services accounted for over 76% of gross domestic GDP in 2005. The data for the index are consistent with the quarterly OIE data from earlier releases on GDP in August 2009.
No comments:
Post a Comment