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Weaker services sector ''could affect UK economic growth''

9 November 2011
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Weaker services sector ''could affect UK economic growth''Operations management professionals have been advised that a weakening in the services sector could constrain the UK economy.

This is the claim made in a new report from accountancy firm BDO, which has stated its output index for the country declined during October to 92.6, falling from 93.3 the previous month.

It has suggested in its latest Business Trends publication that there is a "bleak winter ahead", although confidence improved over the month in manufacturing, but fell in services.

"The UK's economic recovery remains sluggish," warned BDO partner Peter Hemington, adding that the chancellor should announce tax reforms in his forthcoming Autumn Statement.

However, those concerned with continuous improvement may also be interested in recent comments made by senior economic advisor to the Ernst and Young ITEM club Neil Blake that 2012 could see a decline in inflation.

"The good news is that food, oil and petrol prices will all start to come down next year."

However, he cautioned that inflation will start to climb again over the next five years.ADNFCR-3058-ID-800790902-ADNFCR
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