The Ministry of Statistics and Programme Implementation (MoSPI) has released the ISP July 2026 trial data, showing positive growth across 17 of 19 services sub-sectors compared with July 2025. Ten sub-sectors recorded double-digit growth during the month.
The Index of Services Production (ISP) is being released by the National Statistics Office (NSO) on a trial basis, with 2024-25 as the base year.
Administrative Services Lead July Growth
Administrative and support services recorded the strongest year-on-year growth among the 19 sub-sectors, rising 20.9% in July 2026. Retail trade followed with 18.5%, while real estate grew 14.4%.
Accommodation and food services increased 12.6%, while banking recorded 12.3% growth. Wholesale trade rose 12.1%, telecommunications increased 11.0%, and IT and computer-related services grew 10.7%.
Professional, scientific and technical services, including R&D, recorded 10.4% growth. Information and broadcasting rose 10.0%.
Two Services Sub-Sectors Recorded Decline
Most of the remaining sub-sectors also reported positive growth. Road transport increased 9.9%, warehousing and support activities for transportation rose 9.8%, insurance grew 8.9%, and postal and courier services increased 8.7%.
Water transport grew 7.7%, while railway transport increased 7.5%. Arts, entertainment and recreation services recorded a smaller 1.7% increase.
Two sub-sectors reported negative growth in July. Repair services declined 5.0%, while air transport fell 8.4%.
The July 2026 ISP stood at 140.0 for retail trade, 144.0 for accommodation and food, 134.5 for administrative and support services, 121.9 for banking, and 121.2 for real estate.
MoSPI Says Trial Series Will Undergo Review
MoSPI said the monthly ISP figures are being published on an experimental basis to examine data quality, test the resilience of the series and obtain feedback from stakeholders and users.
The indices for railway transport, banking and insurance are based on provisional monthly data and will undergo revision on an annual basis. The ministry has also provided monthly sub-sectoral indices from July 2025 through July 2026 as part of the release.
Q1. What is the ISP July 2026 growth rate? The July 2026 ISP release shows positive year-on-year growth in 17 of 19 services sub-sectors.
Q2. Which services sub-sector recorded the highest growth in July 2026? Administrative and support services recorded the highest growth at 20.9%.
Q3. How much did retail trade grow in July 2026? Retail trade increased 18.5% in July 2026 compared with July 2025.
Q4. Which services sub-sectors declined in July 2026? Repair services declined 5.0%, while air transport declined 8.4%.
Q5. What is the base year for the July 2026 ISP? The trial Index of Services Production uses 2024-25 as its base year.
