2 publishers · first seen Thu, 29 Oct 2026 11:47 UTC · updated Thu, 29 Oct 2026 14:56 UTC
The Index of Services Production (ISP) showed a year-on-year growth of 14 per cent in August 2026, with 13 out of 19 sub-sectors recording double-digit growth, up from 10 in July. Retail trade grew by 19.9 per cent, real estate and repair services each by 17.6 per cent, insurance by 16.5 per cent, and banking by 14.9 per cent, according to data from the National Statistics Office and the Statistics Ministry. The ISP recorded an average growth of 13.6 per cent from June to August 2026.
Air transport and arts, entertainment and recreation services were the only sub-sectors to contract in August. The growth in services is attributed to resilient domestic demand, with retail trade supported by festive season demand. The ISP, based on provisional data and subject to annual revision, is part of an experimental series introduced to assess data quality and user feedback.
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