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?

Services sector delivers December trade surplus

10 February 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
Services sector delivers December trade surplusThe UK's services sector recorded a surplus in overseas trade during December 2010 of £4.4 billion.

According to figures from the Office for National Statistics (ONS), this was slightly lower than the £4.5 billion reported for November, while the overall volume of goods and services imports rose over by 1.4 per cent over the month.

This strong level of services exporting may be of interest to operations management professionals working in the sector, as it may influence how they approach demand planning and continuous improvement strategies, particularly with the estimated surplus on trade in services climbing from £13.1 billion to £13.5 billion between the third and fourth quarters of 2010.

However, overseas trade in goods was lower during the period in question, resulting in an overall deficit of £4.8 billion, up from £3.9 billion the previous month.

The government has announced a series of measures intended to increase the international competitiveness of UK businesses, including an extension to the services provided by the Export Credits Guarantee Department to cover exporters other than those trading in capital goods.ADNFCR-3058-ID-800397112-ADNFCR
Bookmark this Article Link to this Article Subscribe to the IOM Newsletter Send this Article to a Friend/Colleague

Related News

Stobart attempts to enhance performance of chilled operations
18 May 2012
A proposed restructuring of its chilled transport operations by Stobart Group is expected to save the firm £1.5 million a year.
Operations management could reduce wasted meeting time
11 May 2012
British companies could save billions each year by cutting down on time wasted in meetings.
Tough retail conditions make operations management more important
8 May 2012
Companies in the UK retail sector are experiencing difficult trading conditions as consumer spending remains sluggish.
Consumer confidence stabilises in April
1 May 2012
The UK saw consumer confidence remain at the same level witnessed in March during April this year.

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