UK Index of Services fell 0.2% between February and March, largest negative contribution from wholesale, retail trade offset by growth in human health, social work activities; total services output for Q1 up by 0.4%, now 1.5% above pre-pandemic level: ONS

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LONDON , May 12, 2022 (press release) –

Movements in the volume of output for the UK services industries. Figures are seasonally adjusted.

Main points

  • Monthly services output fell by 0.2% between February and March 2022, reaching a level that was 1.5% above February 2020, which was the last month of "normal" trading conditions prior to the coronavirus (COVID-19) pandemic.
  • There were falls in 7 of the 14 sectors in the Index of Services during March 2022.
  • The largest negative contribution to growth was from wholesale and retail trade, which fell by 2.8%; however, this was offset by human health and social work activities, which grew by 1.5%.
  • 8 of the 14 services sub-sectors have now surpassed their February 2020 pre-coronavirus levels, with the largest increase being human health and social work activities (10.7%).
  • Services output for Quarter 1 (Jan to Mar) 2022 rose by 0.4%, compared with Quarter 4 (Oct to Dec) 2021; over this period, the largest contributor was information and communication, which grew by 3.6%.
  • For further and detailed analysis of the effect on our monthly Index of Services estimate, please see our GDP monthly estimate, UK: March 2022 article published on 12 May 2022.

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

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