The seasonally adjusted index of services from the ONS increased by 1.5% in February 2011 compared with February 2010. All of the five components of the index recorded an increase but the largest increase was in business services and finance with an increase of 1.5%. The largest contribution to the increase was from computer services with 7.1% which contributed 1.5 percentage points to the 1.5% increase.
Looking at the most recent month on a year earlier distribution increased by 1.6% with wholesale contributing 3.7%. Transport, storage and communication increased by 2.7% with post and telecommunications contributing a 7.7% increase or 3 percentage points to the 2.7% increase. Government and other services increased by 1.2%. Health and social care made the largest contribution with an increase of 4.3% or 1.4% to the increase. Hotels and restaurants increased by 0.5%.
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