Logo Top Home  About the Institution of Operations Management  Contact Us  Shopping Basket  Member Login  Forum 
Institute of Operations Management
Membership Education and Training Events Learning Resources Journal and News Members Only
 
Search Options
Click here to Search the Website
Join the IOM Today
Find us on LinkedIn
Read about APICS
Operations Management News RSS feed Why not subscribe to our RSS feed of IOM News?

Improvement in UK services sector activity

7 October 2011
Add to: Digg Add to: Del.icio.us Add to: Facebook Add to: Furl Add to: Google Add to: Live Spaces Add to: MySpace Add to: StumbleUpon Add to: Twitter
Improvement in UK services sector activityDespite the challenging economic climate, the services sector of the UK economy witnessed growth during July 2011.

This is according to a report by the Office for National Statistics, which revealed the month in question expanded by 1.3 per cent year-on-year.

All components of the industry saw activity climb, with business services and finances standing 1.6 per cent higher over the 12 months covered by the latest index of services.

During the month in question, the seasonally-adjusted data showed output rose by 0.2 per cent compared with June 2011.

In addition, a new report from Markit and the CIPS may be of interest to operations management professionals in the services sector as it revealed growth of the industry returned to a "solid pace" last month.

The September statistics suggested the headline index climbed to 52.9 over the month from August and the pace of incoming new work improved, although there was a dip in confidence among respondents.

"A surprise uplift in growth is welcome news, coming on the back of a similar upturn in manufacturing, but masks the fact that all is not well in the UK services economy," remarked Markit chief economist Chris Williamson.ADNFCR-3058-ID-800752138-ADNFCR
Bookmark this Article Link to this Article Subscribe to the IOM Newsletter Send this Article to a Friend/Colleague

Related News

Labour proposes implementing Japanese operations management in education
17 May 2012
Following Japan''s example of continuous improvement in classroom standards could benefit UK schools, a Labour politician claims.
Better operations management needed ''to meet public sector efficiency targets''
30 April 2012
Progress has been made towards public sector spending reduction targets, but much more needs to be done.
23 April 2012
The supply chain and operations management landscape is changing. As the global leader and premier source of the body of knowledge in supply chain and....
May public sector strikes could require operations management strategies
20 April 2012
Proposed strikes in May could be set to hinder operations management for companies across the UK.

Link To This Article

Copy and Paste the following HTML into your page.
 
The Institute of Operations Management, CILT(UK), Earlstrees Court, Earlstrees Road, Corby, Northants NN17 4AX.
Tel: 01536 740105. Fax: 01536 740101. Email: info@iomnet.org.uk
    © 2012, The Institute of Operations Management.     Help |  Site Map |  Legal Disclaimer |  Privacy Policy Designed By ZARR