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Release: Index of Services, December 2012

Released: 27 February 2013 Next edition: 28 March 2013

Contact

Robert Doody

Business Indicators and Balance of Payments

ios.enquiries@ons.gsi.gov.uk

Telephone: +44 (0)1633 455803

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

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK

  • The seasonally adjusted Index of Services was estimated to have increased by 0.6% in December 2012 compared with December 2011, with three of the four service sector components having increased in the most recent month compared with the same month a year ago.
  • Distribution, hotels & restaurants was estimated to have increased by 2.0% and government & other services was estimated to have increased by 1.0%. These were the largest contributions to the increase.
  • Between quarter three and quarter four 2012, services sector output decreased by 0.1%. This was slightly weaker than the estimate used in the Gross Domestic Product  Preliminary Estimate for quarter four 2012, which estimated that total output from the service sector was flat between the two quarters. The data for the Index of Services in this statistical bulletin are consistent with the Second Estimate of GDP published today.
  • Between November 2012 and December 2012, service sector output decreased by 0.4%.
  • The earliest period open for revision in this release is January 2012.
  • Users are reminded that the figures within this release are estimates.
Index of Services shows the monthly movements in gross value added for the service industries, which overall account for around 77 % of UK Gross Domestic Product (GDP).
Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.