Index of Services, July 2015

30 Sep 2015 02:00 PM

Main points

• This release of data is consistent with the Quarterly National Accounts released on 30 September 2015 and data used for Blue Book 2015 due for release on 30 October 2015. The last year of chain-linked weights has been updated from 2011 to 2012 and the reference year has also changed from 2011 to 2012. In line with normal practice for this annual update, seasonal models have also been reviewed and amended where necessary.
• The Index of Services is estimated to have increased by 2.8% in July 2015 compared with July 2014. All of the 4 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 and finance, which contributed 1.2 percentage points to total growth; and distribution, hotels and restaurants, which contributed 0.8 percentage points to total growth.
• The latest Index of Services estimates show that output increased by 0.2% between June 2015 and July 2015, following an increase of 0.6% between May 2015 and June 2015.
• The Index of Services increased by 0.6% in Quarter 2 (Apr to June) 2015 compared with Quarter 1 (Jan to Mar) 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 28 August 2015 and is consistent with the Quarterly National Accounts published on 30 September 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 1997.

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