Service industries: Key Economic Indicators

Gloria Tyler

Site search

Home
Parliamentary business
In this section
Legislation and debate
Hansard

Read transcripts of debates in both Houses

Research briefings

Produced by Commons Library, Lords Library and Parliamentary Office Science and Technology

Brexit research and analysis

Next steps for the UK leaving the EU
MPs, Lords & offices
In this section
Members of Parliament
Find your MP

Search for Members by name, postcode, constituency and party

Search for Members of the Lords

Learn about their experience, knowledge and interests
About Parliament
In this section
Parliament’s role
Parliamentary Role Models

Celebrating people who have made Parliament a positive, inclusive working environment

Workplace Equality Networks

Four staff networks for people to discuss and consider issues.

Working in Parliament

Work placements and apprenticeship schemes
Get involved
In this section
Get involved with Parliament
Vote 100 celebrations

2018 marks 100 years since some women, and all men, could vote. Find out how you can join in

Keep up to date

Sign up for the Your Parliament newsletter to find out how you can get involved

Have your say

Sign or create a petition

Submit evidence to a committee
Visit
In this section
Visiting Parliament
Tours plus afternoon tea

Take a tour of Parliament and enjoy a delicious ‪afternoon tea‬ by the River Thames

Preview of Parliament tours

See some of the sights you’ll encounter on a tour of Parliament

Planning an event?

List of venues for hire

Menus and wine list
Education
In this section
Supporting teachers
Inspire your students

Book a school visit, classroom workshop or teacher-training session

Free Teaching Resources

Access videos, worksheets, lesson plans and games
Shop

Service industries: Key Economic Indicators

Published Thursday, October 11, 2018

Service industries: Data for the sector that incorporates the retail sector, the financial sector, the public sector, business administration and cultural activities.

Jump to full report >>

The service industries include the retail sector, the financial sector, the public sector, business administration and cultural activities.

In 2017, the service industries accounted for 79% of total UK economic output (Gross Value Added) and accounted for 83% of workforce jobs in March 2018.

Services Output

In the three months to August 2018, services output increased by 0.5% compared with the three months ending May 2018. The Index of Services was flat between July and August. The largest contributions to this growth came from the wholesale, retail and motor trade sector which contributed 0.21% points.

Compared with a year before, services output increased by 1.6% in the three months to August 2018.

Services output saw no growth in August 2018 compared to July 2018. This follows growth of 0.3% in July 2018 compared to June 2018.

Services output

Purchasing Managers’ Index (PMI)

In the Markit/CIPS PMI, a value of 50 means that there is no change compared to the previous month. Values above 50 indicate an expansion, and values below 50 a contraction.

The UK services PMI was 53.9 in September 2018, down from 54.3 in August. The September value was slightly above the average in 2018 so far (53.6).

During September, there was the fastest rise in employment numbers for seven months and an increase in new work. Brexit concerns and heightened economic uncertainty remained the main constraints on growth. There was a slight upturn in business confidence regarding the year ahead.