The index of services published by the ONS suggests that the service sector grew by 3.4% in July 2014 compared with july 2013. All the major components of the services index experienced growth in the month compared with the same month a year ago.
Business services made the largest contribution with an increase of 1.9% and distribution,hotels and restaurants contributed 0.7%.
The monthly comparison between June and July 2014 shows that output increased by 0.3% for the fourth consecutive month. The quarterly comparison shows that between Q1 and Q2 there was 1.1% growth, an upward revision of 0.1% from the second estimate of GDP to be consistent with the Quarterly National Accounts.
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