United Kingdom Index of Services

Country:
United Kingdom
GBP, Pound sterling
Sector:
Consumer
Low 0.5% 0.6%
0.7%
Last release Importance Actual Forecast
Previous
0.4%
0.5%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

The Index of Services measures a change in the output of the services industries. This is a monthly indicator of the national services sector growth. Today, it is the largest contribution to the output approach to the measurement of GDP, accounting for 73.9% of UK GDP.

Data for index calculation are collected from the Monthly Business Survey of about 26,000 UK service companies (49% of all used for calculation) and from other regular surveys and administrative sources (51%).

The calculated index of services is seasonally adjusted to exclude the influence of holidays and weather conditions. The Index of Services provides a short-term estimate of the UK economy services sector. This most important economic indicator shows monthly fluctuations of gross value added in service industry companies (the difference between the cost of services provided and the cost of their production).

The following industry categories are considered in the calculation:

  • Distribution, hotels and restaurants
  • Transport services, storage, communication
  • Business services and finance
  • Government and other services

Each category has its weight in accordance with the relative contribution to general GDP.

The Index of Services is rarely interpreted separately from the rest of macroeconomic indicators. It is often interpreted along the GDP. A sharp index growth can have a positive effect on the GDP quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "United Kingdom Index of Services" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Aug 2018
0.5%
0.6%
0.7%
Jul 2018
0.6%
0.6%
0.5%
Jun 2018
0.5%
0.4%
0.4%
May 2018
0.4%
0.3%
0.2%
Apr 2018
0.2%
0.1%
0.3%
Mar 2018
0.3%
0.3%
0.5%
Feb 2018
0.4%
0.6%
0.6%
Jan 2018
0.6%
0.5%
0.4%
Dec 2017
0.6%
0.5%
0.4%
Nov 2017
0.4%
0.4%
0.3%
Oct 2017
0.3%
0.5%
0.4%
Sep 2017
0.4%
0.5%
0.5%
Aug 2017
0.4%
0.5%
0.5%
Jul 2017
0.5%
0.4%
0.4%
Jun 2017
0.5%
0.3%
0.3%
May 2017
0.4%
0.3%
0.2%
Apr 2017
0.2%
0.2%
Mar 2017
0.2%
0.4%
Feb 2017
0.5%
0.6%
Jan 2017
0.6%
0.8%
Dec 2016
0.8%
1.0%
Nov 2016
1.0%
1.0%
Oct 2016
1.0%
0.8%
Sep 2016
0.8%
0.8%
Aug 2016
0.8%
0.6%
Jul 2016
0.6%
0.5%
Jun 2016
0.5%
0.3%
May 2016
0.3%
0.5%
Apr 2016
0.5%
0.6%
Mar 2016
0.6%
0.7%
Feb 2016
0.7%
0.9%
Jan 2016
0.9%
0.7%
Dec 2015
0.7%
0.6%
Nov 2015
0.6%
0.5%
Oct 2015
0.5%
0.7%
Sep 2015
0.7%
0.9%
Aug 2015
0.9%
0.8%
Jul 2015
0.8%
0.7%
Jun 2015
0.7%
0.4%
May 2015
0.4%
0.5%
Apr 2015
0.5%
0.4%
Mar 2015
0.4%
0.7%
Feb 2015
0.7%
0.8%
Jan 2015
0.8%
0.8%
Dec 2014
0.8%
0.8%
Nov 2014
0.8%
0.7%
Oct 2014
0.7%
0.8%
Sep 2014
0.8%
0.8%
Aug 2014
0.8%
1.0%
Jul 2014
1.0%
1.0%

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