Tuesday, 27 July 2010

Services Output 2.1% Up On Year

The Index of Services, published by the ONS, rose 2.1% over the year from May 2009 to 102.5 in May 2010 (seasonally-adjusted). All five components increased in the most recent month on a year earlier. The biggest rise was in business services and finance which rose 2.5%. It rose 1% over the month.

Distribution output increased by 4.5% notably motor trades which rose by 12.5% and retail which rose by 4.1%. Government and other services increased by 1% within which the greatest contribution was from health and social work which contributed 2.6% in output and 0.9 to the overall 1%.

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