What's more, of that one per cent rise, the ONS estimates that 0.2 percentage points came from its booking of sales of Olympic tickets, many of which had occurred months earlier. 0.36 percentage points came from a rise in the output of government services. And a large chunk of the rest came simply because output bounced back after being depressed by the extra bank holiday in June. There’s not much evidence here of a strong, sustainable rise in private sector output.
And not should there be, because there are many reasons to be pessimistic about our prospects for recovery: