Business Advice for all UK firms from starting a business to flotation
UK service sector grows
The UK service sector expanded at its fastest rate for two years in September, according to the latest Chartered Institute of Purchasing and Supply (CIPS) survey.
The figure for the sector rose to 55.3 in September from 54.1 in August - the fifth month in succession that the sector has grown.
Any figure above 50 indicates expansion and restaurants, hotels and companies offering services to other businesses experienced particularly high growth in the last month.
"It's a steady upward momentum, and consistent with the economy pulling out of recession in the second half of the year, probably in Q3," said Alan Clarke, UK economist at BNP Paribas.
Post Date: October 5th, 2009
The figure for the sector rose to 55.3 in September from 54.1 in August - the fifth month in succession that the sector has grown.
Any figure above 50 indicates expansion and restaurants, hotels and companies offering services to other businesses experienced particularly high growth in the last month.
"It's a steady upward momentum, and consistent with the economy pulling out of recession in the second half of the year, probably in Q3," said Alan Clarke, UK economist at BNP Paribas.
»
- Login or register to post comments
- Printer friendly version
Post Date: October 5th, 2009
.
.
Accounting Advice | Banking & Finance | Business Continuity | Entrepreneurs | HR/Payroll Advice Insurance Advice | International Trade
Internet Advice I.T. Advice | Legal Advice | Marketing Advice | Office Management | Pensions & Benefits Property/Relocation | Recruitment Advice
Starting a Business | Telecommunications | Training/Education Travel Advice | Utilities Advice | Vehicles
copyright © 1998-2018 Newbusiness.
Homepage | Terms & Conditions | Copyright & Trademarks | Privacy Policy | Sitemail & Forum Policy | Sitemap