Index of Services, April 2014
30 Jun 2014 04:07 PM
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.