In the three months to May 2018, UK services output increased by 0.4%

Market news

10 July 2018

In the three months to May 2018, UK services output increased by 0.4%

In the three months to May 2018, services output increased by 0.4% compared with the three months ending February 2018.

The wholesale, retail and motor trade sector made the largest contribution to the three-month on three-month growth, contributing 0.11 percentage points.

The Index of Services increased by 0.3% between April 2018 and May 2018.

The wholesale, retail and motor trade also made the largest contribution to the month-on-month increase, contributing 0.18 percentage points.

The total UK trade deficit widened £5.0 billion to £8.3 billion q/q

In may UK industrial production decreased by 0.4% compared with April

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