Skip to content

Release: Index of Services, October 2015

Released: 23 December 2015 (Latest) Next edition: 28 January 2016

Contact

Robert Smith

Expenditure, Household and Economic Indicators

ios.enquiries@ons.gsi.gov.uk

Telephone: +44 (0)1633 651618

Categories: Economy, National Accounts, National Income, Expenditure and Output

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK

  • 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.

Monthly movements in gross value added for the service industries, which overall account for around 78.6% of UK Gross Domestic Product (GDP).

Related links

Monthly data for Index of Production (currently accounts for around 14.9% of UK GDP)

Monthly data for Construction (currently accounts for around 5.9% of UK GDP)

Monthly data for Retail Sales Index

Quarterly data for the Quarterly National Accounts

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.