UK's services output increased by 0.4% in Quarter 3

Market news

9 November 2018

UK's services output increased by 0.4% in Quarter 3

Services output increased by 0.4% in Quarter 3 (July to Sept) 2018 compared with Quarter 2 (Apr to June) 2018; following growth of 0.6% between Quarter 1 (Jan to Mar) 2018 and Quarter 2 2018.

The information and communication sector made the largest contribution to the quarter-on-quarter growth, contributing 0.16 percentage points.

The Index of Services fell by 0.1% between August 2018 and September 2018.

The motor trade industry was behind this month-on-month decrease, contributing negative 0.14 percentage points.

In the three months to September 2018, services output increased by 1.7% compared with the three months ending September 2017.

UK's construction output continued to recover following a relatively weak start to the year, increasing by 2.1% in Quarter 3

UK's trade deficit narrowed £3.2 billion to £2.9 billion in the three months to September

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