Statistical bulletin: Index of Services, October 2013

Part of Index of Services, October 2013 Release

Released: 20 December 2013 Download PDF

Contents

• Index of Services, October 2013
• Key information
• Economic background
• GDP Impact and Components
• Component analysis
• Background notes
• Statistical contacts

Key Points

• The Index of Services increased by 2.1% in October 2013 compared with October 2012. All of the four main components of the services industries increased in the most recent month compared with the same month a year ago.
• The largest contributions came from business services & finance, which contributed 1.0 percentage points to total growth and distribution, hotels & restaurants, which contributed 0.7 percentage points to total growth.
• The latest Index of Services estimates show that output increased by 0.1% between September 2013 and October 2013, following an increase of 0.2% between August 2013 and September 2013.
• The Index of Services increased by 0.8% in Q3 2013 compared with Q2 2013. This figure has been revised up 0.1% from that included in the Second Estimate of Gross Domestic Product (GDP) and is consistent with the estimate used in the Quarterly National Accounts published on 20 December 2013.
• In Q3 2013, the Index of Services surpassed its pre-downturn peak, which was recorded in Q1 2008.
• 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 2012.

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