Statistics: Index of Services, April 201

Key Points

• The Index of Services increased by 3.1% in April 2014 compared with April 2013. 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 1.7 percentage points to total growth; and distribution, hotels & restaurants, which contributed 0.9 percentage points to total growth.
• The latest Index of Services estimates show that output increased by 0.3% between March 2014 and April 2014, following an increase of 0.5% between February 2014 and March 2014.
• The Index of Services increased by 0.8% in Q1 2014 compared with Q4 2013. This figure has been revised down 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 today.
• 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 2013.

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