Statistical bulletin: Index of Services, October 2015

• Main points
• Understanding the Index of Services (IoS)
• Main information
• Economic background
• GDP impact and components
• Component analysis
• Industry spotlight: Information service activities
• Background notes
• Statistical contacts

Main points

• The Index of Services is estimated to have increased by 2.1% in October 2015 compared with October 2014. Three of the 4 main components of the services industries increased in the most recent month compared with the same month a year ago, while 1 decreased.
• The largest contribution to total growth came from: distribution, hotels and restaurants, which contributed 0.9 percentage points; in contrast, government and other services had a slight negative contribution.
• The latest Index of Services estimates show that output increased by 0.1% between September 2015 and October 2015, following growth of 0.5% between August 2015 and September 2015.
• The Index of Services increased by 0.6% in Quarter 3 (July to Sept) 2015 compared with Quarter 2 (Apr to June) 2015. This figure has been revised down by 0.1 percentage points from that included in the Second Estimate of Gross Domestic Product (GDP), published on 27 November 2015 and is consistent with the Quarterly National Accounts, published on 23 December 2015.
• The figures within this release are estimates and are on a seasonally adjusted basis. The earliest period open for revision in this release is January 2014.

Source: Office for National Statistics licensed under the Open Government Licence v.1.0.