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mpc: 12 In the services sector, business surveys continued to point to stronger growth than the official data. As the Committee had noted in its previous meeting, the size of that discrepancy had not been historically large, but the degree of persistence of the discrepancy had been more unusual. One possibility was that the statistical relationship between the survey balances and the official figures had changed. This could be the case if, for example, there had been a change in the dispersion of growth rates across service sector companies. Evidence to support that hypothesis was, however, limited. Overall, the Committee placed some weight on both the official data and the business surveys, and noted that the surveys continued to point to solid growth in the service sector in Q4.

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