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

Sample article from our Housing & Economy

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.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

More from our Housing & Economy Coverage
See our dashboard in action - schedule an demo
Jason Irving
Jason Irving
- SVP Enterprise Solutions -

We offer built-to-order housing & economy coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.