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The service industries include the retail sector, the financial sector, the public sector, business administration, leisure and cultural activities.

The service industries accounted for 80% of total UK economic output (Gross Value Added) and 82% of employment in April-June 2021.

Services Output

There was an increase of 0.3% in the Index of Services between July and August 2021.

There was an increase of 3.7% in services in the three months to August 2021 compared with the three months to May 2021.

In the three months to August 2021, compared with the three months to August 2020, services output increased by 11.2%.

Purchasing Managers’ Index (PMI)

In the Markit/CIPS PMI, a value of 50 means that there is no change in activity compared to the previous month. Values above 50 indicate an expansion, and values below 50 a contraction.

The UK services PMI was 55.4 in September 2021, up slightly from 55.0 in August. Expansion continued, indicating further recovery in activity; however, staff shortages and supply chain disruption prevented the expansion from being as strong as it might have been.


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