U.K. Service Sector Output Rises In December

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U.K.'s service sector output rose 0.6% month-on-month in December, faster than the 0.2% rise in November, data released by the Office for National Statistics showed Friday.

All five components of the index of services contributed positively, with the largest contribution from the distribution sector.

On an annual basis, service sector output fell 1.4% after decreasing 2.3% in November. Output fell for a fourteenth consecutive month in December.

In the three months to December, output fell 2.5%, slower than a 3.3% decline in the three months to November. On a sequential basis, service sector output climbed 0.5% in the three months to December, faster than the 0.1% rise in the three months to November.

(Market News Provided by RTTNews)