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Sluggish services sector constrains UK growth

28 April 2010
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Sluggish services sector constrains UK growthThe expansion of the UK economy has been held back during the first quarter of the year by the poor performance of the distribution, hotels and restaurants sector.

In its gross domestic product (GDP) preliminary estimates for the first three months of 2010, the Office for National Statistics claimed the economy grew by 0.2 per cent in total compared with the previous quarter, but was 0.3 per cent lower than the same period of 2009.

These figures reflected growth production output of 0.7 per cent, while services activity was up by just 0.2 per cent over the three months.

Output in the distribution, hotels and restaurants sector fell by 0.7 per cent, down from growth of 1.9 per cent in the previous quarter, but two per cent higher year-on-year.

Operations management professionals may be required to boost performance in services businesses as the sector continues to feel the impact of the global downturn.

Meanwhile, the rise in GDP output in the quarter to March was boosted by the strong performance of the business services and finance industry, which expanded by 0.6 per cent in the first quarter.

Earlier this month, a study by Lloyds TSB indicated optimism among services firms in the UK had risen to a balance of 51 per cent.ADNFCR-3058-ID-19747238-ADNFCR
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