MoSPI released Service Production Index, growth in 17 out of 19 sectors in July, retail business jumped 18.5%

The figures for July show a strong picture regarding the service activities of the country. According to the Service Production Index released by the Ministry of Statistics and Program Implementation i.e. MoSPI, in July 2026, 17 out of 19 service sectors have increased compared to last year.

Of these, growth in 10 sectors was in double digits. The production of administrative and support services increased the most by 20.9%. After this, there was an increase of 18.5% in retail business and 14.4% increase in real estate services.

Rapid growth in retail and wholesale business

There was a growth of 18.5% in retail business service production in July. Its index increased from 138 in June to 140 in July. Whereas the production of wholesale business increased by 12.1% on annual basis and its index increased from 122.8 in June to 126.8.

Real estate services increased by 14.4%. Apart from this, the production of accommodation and food services increased by 12.6% and the production of banking services increased by 12.3%.

Telecom and IT services also booming

Technology related services also saw good growth during July. Production of telecommunication services increased by 11%. IT and computer related services increased by 10.7%. Professional, scientific and technical services registered a growth of 10.4%. Whereas the production of information and broadcasting services increased by 10%.

Apart from this, there was an increase of 9.9% in road transport services, 9.8% in storage services, 8.9% in insurance services, 8.7% in postal and courier services and 7.7% in water transport services. The production of railway transport services also increased by 7.5%.

8.4% decline in air transport

While most service sectors witnessed growth, the performance of air transport remained weak. Air transport service production declined by 8.4% in July on an annual basis. Its index was 91.2 in June, which came down to 87.8 in July. Repair services also registered a decline of 5%. Arts, entertainment and other recreational services grew by only 1.7%.

Data is still in testing phase

MoSPI said that 2024-25 has been made the base year in the Service Production Index and currently it is being released on a trial basis. During this time, the quality of the data will be checked and after receiving suggestions, the series will be finalized. Indices related to banking, insurance and railways are currently based on preliminary monthly data. These can be changed on an annual basis.