Economic Buzz: UK Services Output Rise 0.4%

12 Sep 2022 , 05:14 PM

According to the Office for National Statistics, UK monthly services output rose by 0.4% between June and July 2022, standing 1.5% above February 2020, which was the last month of ?normal? trading conditions prior to the coronavirus (COVID-19) pandemic. There were rises in 10 of the 14 sectors in the Index of Services (IoS) during July 2022; information and communication contributed 0.10 percentage points to the IoS (with growth of 1.5%). Services output for the three months to July 2022 fell by 0.2%, compared with the three months to April 2022; over this period, human health and social work activities was the largest contributor to the fall, with growth falling by 2.3%.Powered by Commodity Insights