Friday, September 28, 2012
Service sector bounces
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

Service sector output bounced in July, as expected, rising by 1.1% on the month as it recovered from the July distortions. The service sector has grown by 0.1% over the latest three months (despite the June drop) and by 0.7% on a year earlier. So most of the economy - services are 77% of gross value added - has been growing. July service sector output was up by 0.3% on the second quarter average. More here.