November Services Index Up 1.5%

The seasonally adjusted index of services for November 2010 on 2009 increased by 1.5% to 102.4. The percentage change for the most recent three months on a year earlier was 1.9% and for the most recent three months on the previous three months the percentage change was 0.5%.

All of the components increased in the most recent month on same month a year. Government and other services increased of 1.6%, distribution output increased 2.6% with wholesale on 4.5%, both transport, storage and communication and business services and finance increased by 1.1% and hotels and restaurants by 0.4%. All five components also increased in the most recent three months on a year earlier, and the most recent three months on the previous three months but when looking at the most recent month on the previous months three components, hotels and restaurants, business services and finance and government and other services, decreased.