Hotels, eateries clock 35% growth, rallies subdued: New services data on trial basis
The government has introduced trial monthly services-sector data that shows strong growth in hotels and eateries and weaker performance in some transport-linked services.
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What happened
The government has started releasing a new set of monthly services-sector metrics on a trial basis. The latest read-out shows strong growth in consumer-facing services, especially hotels and eateries, while some transport-linked activities were weaker.
The release is meant to improve the frequency and timeliness of services monitoring. The figures are early read-outs, not final or fully matured statistics.
Key observations
The trial data indicate mixed services performance across subsectors. Hospitality activity rose sharply, while rail-related services were comparatively weak.
The accompanying graphic compares fast-growing and slow-growing subsectors and links services performance with inflation coverage. The broader message is that travel, leisure, and food-related demand are supporting services momentum.