UK services output increased by 0.3% q/q

Market news

11 January 2019

UK services output increased by 0.3% q/q

In the three months to November 2018, services output increased by 0.3% compared with the three months ending August 2018.

The professional, scientific and technical activities sector made the largest contribution to this growth, contributing 0.17 percentage points.

The Index of Services increased by 0.3% between October 2018 and November 2018.

The wholesale, retail and motor trade sector made the largest contribution to the month-on-month growth, contributing 0.15 percentage points.

In the three months to November 2018, services output increased by 1.8% compared with the three months ending November 2017.

UK's trade deficit narrowed £0.2 billion to £7.9 billion in the three months to November

UK gross domestic product (GDP) grew by 0.3% in the three months to November 2018

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