Index of Services, December 2014

26 Feb 2015 03:07 PM

Key points

• The Index of Services is estimated to have increased by 3.6% in December 2014 compared with December 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 0.6% between November 2014 and December 2014.
• The Index of Services increased by 0.8% in Q4 2014 compared with Q3 2014. This figure was unchanged from the estimate used in the Gross Domestic Product Preliminary Estimate (GDP) published on 27 January 2015 and is consistent with the Second Estimate of GDP published today.
• The Index of Services is estimated to have increased by 3.0% in 2014 compared with 2013.
• 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.

Get all the tables for this publication in the data section of this publication.