The Index of Services produced by the ONS increased by 3.2% on the annual comparison in December 2013. All four of the main components increased in the most recent month on the monthly comparison.
Business services and finance made the biggest contribution with an increase of 1.4%. Distribution, hotels and restaurants also made a significant contribution with an increase of 1%.
The index estimates that output increased by 0.2% between November and December of 2013 following an increase of 0.5% between October and November 2013.
Over the quarter Q4 2013 compared with Q3 the index reported an increase of 0.8%. The IOS is estimated to have increased by 1.9% in 2013 compared with 2012.
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