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0.6% increase to Index of Services compared with December 2012

Released: 27 February 2013 Download PDF

Figure 1: Index of Services

Figure 1: Index of Services
Source: Office for National Statistics

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The seasonally adjusted Index of Services was estimated to have increased by 0.6% in December 2012 compared with December 2011. The largest contributions to the increase were distribution, hotels & restaurants, which increased by 2.0% and government & other services, which increased by 1.0%.

The Index of Services was estimated to have decreased by 0.1% in the fourth quarter of 2012 compared with the third quarter of 2012, following a rise of 1.2% between quarter two and quarter three. The level of the service sector in quarter three 2012 was boosted by the Olympics and Paralympics. Some evidence of ‘fall-back’ in quarter four 2012 following this one-off event can be seen in the following industries:

  • Arts, entertainment and recreation.

  • Accommodation services.

  • Food and beverages services.

  • Land Transport.

The two biggest contributors to the fourth quarter decrease were government & other services, which decreased by 0.8% and distribution, hotels and restaurants, which decreased by 0.5%.

Between November and December 2012 the Index of Services was estimated to have decreased by 0.4%. The largest contributions to the decrease were business services & finance, which decreased by 0.8% and distribution, hotels & restaurants, which decreased by 0.4%.

Source: Office for National Statistics

Background notes

  1. Services data is from the latest “Index of Services Bulletin” published on the 27 February 2012.

  2. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations

    Office email: media.relations@ons.gsi.gov.uk

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

  3. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

Content from the Office for National Statistics.
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