The ONS Index of Services fell by 3.7% in October 2009 on October 2008. It fell 3.9% on the quarter on last year and 0.2% on the last quarter but increased by 0.1% month on month.
The distribution sector was the only one to report an increase on a month on a year earlier basis. Retail increased by 3.7% and motor trades by 3.1%. The 0.4% rise in distribution contrasted with the falls in hotels and restaurants of 7.7%, business services and finance of 6% and transport of 4.9%. Over the quarter there were falls in all sectors. Hotels and restaurants fell by 7.8%, business services and finance by 5.7% and transport by 5.6%.
On a month by month basis distribution made a 1.2% increase, transport a 0.6% increase and there were falls in the other sectors. Hotels and restaurants fell by 2.6% and business services and finance by 0.5%.
The index measures the movements in gross value added of the service industries. The service industries account for over 76% of GDP in the base year of 2005.
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