UK services output annual growth: financial services
UK services output annual growth: financial services stood at 1.6% in Jul 2026, according to Office for National Statistics (ONS). It is one of the indicators in the Monthly GDP and output table (Value · Monthly), with a complete series running from Jan 1998 to Jul 2026. The complete series with an interactive chart, free to download.
This indicator in the Monthly GDP and output table
| Indicator | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Services output, growth on a year earlier | |||||||||||
| 64 — Financial services, excluding insurance and pensions | 1.6 | 1.8 | 1.8 | 1.5 | 1.5 | 0.5 | -0.1 | 0.3 | 0.9 | 1.1 | |
| 65 — Insurance, reinsurance and pension funding | -0.6 | -0.4 | -0.4 | -0.3 | -0.1 | 0 | 0.6 | 1.3 | 1.7 | 1.6 |
Understanding UK services output annual growth: financial services
Financial intermediation services, excluding insurance and pension funding, quantify the monthly volume growth in real gross value added across the United Kingdom. This specific series isolates monetary intermediation, security dealings, and fund management while deliberately excluding risk-pooling institutions and retirement schemes, which are tracked in separate classifications. The index calculates output by tracking the volume of financial transactions, advisory fees, and commission-based services rather than nominal asset values or shifting interest rate margins.
Interpreting this monthly indicator requires accounting for volatile trading days and portfolio shifts that can distort single-period comparisons. Comparing annual growth rates helps smooth out transient market shocks, whereas month-on-month figures often reflect erratic shifts in wholesale financial markets. Revisions frequently occur as firms update regulatory returns and late survey responses are incorporated into subsequent releases, meaning preliminary estimates should be viewed as provisional markers of sector momentum.
Frequently asked questions
- Does this series include central banking operations and monetary authorities?
- Yes, central banking activities are captured alongside commercial banking and investment funds within this financial classification.
- How does interest rate volatility affect the output measure?
- Output is adjusted for inflation and changes in the purchasing power of money, isolating true volume changes from nominal interest rate fluctuations.
- Are insurance brokerages counted in this banking and finance index?
- No, insurance and pension activities, including auxiliary brokerages, are categorised under separate industry codes.