Services Index Increase Of 2.7% In February

All four of the main components of the index of services increased in February 2014 and it resulted in an increase of 2.7% in the total index in February.

The largest effects came from business services and finance with an increase of 1.4% to the total and distribution, hotels and restaurants which contributed 0.7% to total growth. The transport, storage and communication sector added and increase of 0.09% and government and other services 0.44%.

The monthly comparison of figures in the index of services shows that output in services increased by 0.2% between January and February 2014.