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Poor service sector performance ''hampering economic recovery''

13 January 2010
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Poor service sector performance ''hampering economic recovery''Britain''s recovery from the recession is being hampered in part by poor performance in the service sector, new figures indicate.

Data from the British Chambers of Commerce (BCC) shows that the sector performed worse than the manufacturing industry over the last three months of the year, with negative balances recorded for employment, homes sales and orders, cash flow and plant and machinery investment.

BCC''s chief economist David Kern notes that the UK is "struggling to enter the recovery phase" as a result of critical measures performing badly and adds that all domestic indicators for the fourth quarter were "disappointingly feeble, especially in the service sector".

Operations management could help service sector companies struggling in the current economic downturn, as the BCC calls for greater access to credit for businesses struggling with cash flow.

The Economic Survey for the three months to December 2009 suggested that progress was weaker than it was during the previous quarter.

Meanwhile, the latest Purchasing Manager''s Index for the service sector witnessed a rise in activity from 56.6 n November to 56.8 in December.ADNFCR-3058-ID-19555086-ADNFCR
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