UK Service Sector Output Extends Decline In 3-Month To June

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Friday, UK's Office for National Statistics said the service sector output fell 0.6% in the quarter to June compared with the quarter to March. This is the twelfth consecutive three months on previous three months decrease.

The statistical office said four of the five components of the service sector decreased in the three-month to June.

The most significant decrease was in business services and finance, a 0.8% fall, and the only increase was in hotels and restaurants, by 0.8%.

Distribution output fell 0.2% and transport, storage and communication output declined 1.6%. Government and other services output was down 0.3%.

Between May and June, total service sector output grew 0.2%, with the most significant increase in distribution services, the ONS said.

Friday, UK's Office for National Statistics said the service sector output fell 0.6% in the quarter to June compared with the quarter to March. This is the twelfth consecutive three months on previous three months decrease. (Market News Provided by RTTNews)