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Index of Services, UK: March 2023
Monthly services output is estimated to have fallen 0.5% in March 2023, following a fall of 0.1% in February 2023 (unrevised) and a rise of 0.8% in January 2023 (upwardly revised 0.1 percentage points). In the longer-term, quarterly services output growth for Quarter 1 (Jan to Mar) 2023 was 0.1%, compared with Quarter 4 (Oct to Dec) 2022; this is the eighth consecutive quarterly increase in services growth; however, the rate of quarterly growth continued to slow during that period. The Index of Services (IoS) saw monthly falls in 9 of the 14 sectors; the main contributing sectors to the monthly fall in March 2023 ... (full story)