The index of services for October 2010 published recently by the ONS shows that the service industries grew by 1.9% on October 2009. The main contributor to the increase was the business and services component's increase of 2.6%. Within the business component the largest contributions came from the 5.2% increase in computer services and the 3.8% increase in real estate activities.
Four of the five components showed an increase and hotels and restaurants also increased by 2.6%. Distribution services and Government services both increased by 1.7%. Transport, storage and communication remained unchanged in October.
The index for the last three months was up 2.3% on a year earlier and 0.6% up on the last three months but down 0.4% on September 2010.
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