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Mixed picture reported for UK services sector

25 February 2011
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Mixed picture reported for UK services sectorThe UK services sector has seen mixed results during the past three months, a new survey shows.

Research by the Confederation of British Industry (CBI) covering 171 organisations suggests the industry diverged further over the quarter to mid-February, with strong performance by business and professional services firms.

Such companies returned to growth over the period in question, while consumer-focused enterprises saw a fall in volumes.

Operations management and demand planning specialists in the services sector may be interested in comments by CBI chief economic adviser Ian McCafferty, in which he noted rising prices and constraints on incomes have caused sluggish consumer spending, while businesses are starting to spend more as the economy recovers from the global downturn.

A balance of minus 17 per cent of consumer services companies expect to expand their operations during the next year, while plus 24 per cent of business and professional services entities expect to grow over the coming 12 months.

The CBI report follows figures from the Office for National Statistics revealing a surplus in overseas trade of £4.4 billion, down from £4.5 billion in November and driven by strong levels of services exporting from the UK.ADNFCR-3058-ID-800428916-ADNFCR
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