The index of services published by the ONS shows that the services sector grew by 2.4% in December 2011 compared with December 2010. All components of the service sector index reported growth. The biggest contributors to the increase were business services and finance which grew by 2.9% and government and other services which grew by 2.3%. The sector also increased on the monthly comparison by 0.2%.
The main contributors of the five components of the business services and finance section were other professional services and real estate. All five components showed an increase. Output increased in five of the six components of the government and other services category with human health and social work activities providing the main contribution with an increase of 3.1%
The public strike on the 30 November probably has an effect on the index but it is difficult to measure the effect directly.
Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts
Friday, 24 February 2012
Tuesday, 13 July 2010
Services Increase Output By 1%
The ONS Index of Services rose by 1% in April 2010 compared with April 2009. All five components saw an increase in output in the most recent month on a year earlier. Distribution made the largest contribution with an increase of 4.6%.
The motor trades made the largest contribution within distribution with an increase of 10.3%. Retail also made a significant constribution with an increase of 3.4%. Hotels and restaurants increased by 0.4% with the biggest increase coming from restaurants. Transport, storage and communication increased output by 0.2% with transport services making the most difference with an increase in output of 4.7%. Business services and finance increased its output by 0.4% in April 2010 compared with April 2009. Real estate made the biggest contribution with an increase in output of 2.6% which added 0.8 percentage points to the 0.4% increase. Government and other services increased their output by 0.5% and the largest contribution came from health and social care which increased by 3.1% adding 1 percentage point to the 0.5% increase on last year.
The motor trades made the largest contribution within distribution with an increase of 10.3%. Retail also made a significant constribution with an increase of 3.4%. Hotels and restaurants increased by 0.4% with the biggest increase coming from restaurants. Transport, storage and communication increased output by 0.2% with transport services making the most difference with an increase in output of 4.7%. Business services and finance increased its output by 0.4% in April 2010 compared with April 2009. Real estate made the biggest contribution with an increase in output of 2.6% which added 0.8 percentage points to the 0.4% increase. Government and other services increased their output by 0.5% and the largest contribution came from health and social care which increased by 3.1% adding 1 percentage point to the 0.5% increase on last year.
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