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We estimate that monthly services output increased by 0.3% in May 2024, following an increase of 0.3% in April 2024 (upwardly revised 0.1 percentage points). The Index of Services (IoS) saw monthly increases in 8 of the 14 sectors in May 2024 with the largest contribution to monthly growth coming from "wholesale and retail trade, repair of motor vehicles and motorcycles" (1.8%); the next largest increases were "professional, scientific and technical activities" (1.0%); and "accommodation and food services activities" (2.4%). [Read Full Article] |
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