UK Index of Services rose 0.1% in July, increase mainly offset by negative contribution from professional, scientific and technical activities; output growth in three months to July estimated to have increased 0.6% compared with three months to April: ONS

LONDON , September 11, 2024 (press release) –

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

Main points

• We estimate that the Index of Services (IoS) output increased by 0.1% in July 2024; this follows a 0.1% fall in June 2024.
• The IoS saw monthly increases in 10 of the 14 sectors in July 2024, with the largest contributions to the monthly increase coming from “information and communication” (0.8%); and “wholesale and retail trade; repair of motor vehicles and motorcycles” (0.5%).
• The monthly increase was mainly offset by a negative contribution from “professional, scientific and technical activities” (down 1.3%).
• We estimate that in the three months to July 2024, the monthly services output increased by 0.6%, when compared with the three months to April 2024.
• The IoS saw increases in 11 of the 14 sectors in the three months to July 2024, when compared with the three months to April 2024.
• The main positive contributing sectors in the three months to July 2024 were “professional, scientific and technical activities” (2.0%); “wholesale and retail trade, repair of motor vehicles and motorcycles” (0.7%) and “public administration and defence; compulsory social security” (1.0%); these sectors contributed over half of the rise in the three months to July 2024.

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