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?

Weather ''affects UK services sector growth''

5 January 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
Weather ''affects UK services sector growth''Growth in the UK's services sector has been affected by severe winter weather conditions in recent weeks.

This is according to an article in the Telegraph, which predicts the most recent purchasing managers' index (PMI) will reveal a dip in the industry.

It forecasts a drop from 53 in November to closer to 52 during December 2010, with economists blaming snow and ice for affecting firms such as restaurants and hotels.

In addition, the impact of public sector spending cuts is thought to be starting to be seen among services businesses and the VAT rise potentially affecting spending in the future.

Responsible for around three-quarters of the UK economy, the services sector is an important barometer and is expected to have been outstripped by the manufacturing industry.

Individuals concerned with demand planning may be interested to learn that the latest manufacturing PMI from Markit and the CIPS climbed to a 16-year high of 58.3 during December 2010, boosted by new orders, output growth and exports.ADNFCR-3058-ID-800323579-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