UK index of services increased more than forecasts

Market news

26 August 2016

UK index of services increased more than forecasts

ONS: the Index of Services was estimated to have increased by 2.4% in June 2016 compared with June 2015. 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 contribution to total growth came from business services and finance, which contributed 1.1 percentage points.

The latest Index of Services estimates show that output increased by 0.2% between May 2016 and June 2016. This follows flat growth of 0.0% between April 2016 and May 2016.

Oil little changed in early trading

UK GDP unchanged after second estimate

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