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....However, the headline figure masks vastly different views of the world depending on the respondents’ business sector. The service sector recorded a score of +32%, while more upbeat manufacturing firms, who are hoping for gains in new export markets, scored a balance of +49%. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:01:34 PM
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....The disabled and elderly, who might in theory benefit substantially from AVs, will be over-represented among groups for whom these vehicles will be unaffordable. The same holds for small operators in the freight and service sectors, including white van drivers. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 06:00:12 AM
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Latest Finance News related to Service Sector

Peak car? Driverless technology may actually accelerate car ownership image
Source : Guardian [Read Article] Tuesday 18th of July 2017 06:00:12 AM
....The disabled and elderly, who might in theory benefit substantially from AVs, will be over-represented among groups for whom these vehicles will be unaffordable. The same holds for small operators in the freight and service sectors, including white van drivers. ...
UK business confidence at lowest point for six years, say forecasters image
....However, the headline figure masks vastly different views of the world depending on the respondents’ business sector. The service sector recorded a score of +32%, while more upbeat manufacturing firms, who are hoping for gains in new export markets, scored a balance of +49%. ...
US jobs report shows sharp recovery in June but wage growth remains slow image
....Small businesses, a leading driver of job growth, added just 17,000 jobs in the month, with the smallest of small businesses, those employing one to 19 people, recording zero jobs added. Once again, the service sector was the largest new employer. ...
Brexit: British officials drop 'cake and eat it' approach to negotiations image
....Though full EEA-style participation in the single market is seen as politically toxic due to its requirement to accept freedom of movement, pressure is building in Whitehall for a rethink of opposition to a customs union with the EU. This would satisfy many business leaders, who are clamouring for ways to avoid trapping manufacturers behind an inflexible tariff wall but possibly still allow new international trade deals to be pursued in the service sector. ...
'Ordinary' people image
Source : BBC [Read Article] Monday 22nd of May 2017 11:27:59 PM
....This covers everything from bank workers to plumbers and restaurant staff - the businesses that provide work for customers, but which don't manufacture things. These service sector jobs have grown over time: 20 years ago they made up less than three-quarters of employment. ...
Growth slump as rising prices slowed consumer spending, figures to show image
....The first estimate suggested that growth in consumer-facing businesses slowed sharply in the period January to March. Growth in the service sector, which includes hotels, bars and restaurants, slowed to 0. ...
$6.40 an hour for nine years: how I got stuck in a career as a Walmart employee image
.... My biggest fear was becoming one of “them,” a “lifer” stuck at Walmart, and I treated them with contempt. Thankfully, a co-worker named Nathan taught me humility, kindness and respect for those who worked hard and cared about their jobs in the low paying service sector. ...
UK service sector growth picks up in April image
Source : BBC [Read Article] Thursday 4th of May 2017 09:49:29 AM
. Activity in the UK's service sector accelerated in April, with new work growing at its fastest pace this year, according to a closely-watched survey. ...
UK economy grows by 0.3% as service sector slows image
Source : BBC [Read Article] Friday 28th of April 2017 08:32:58 AM
....3% at the start of the year, the slowest growth rate since the first three months of 2016, according to official figures. The Office for National Statistics said that the slower pace in the January-to-March period was due mainly to the service sector, which sank to 0. ...
UK needs immigration to keep service industries going, says ONS image
Source : Guardian [Read Article] Wednesday 12th of April 2017 10:50:16 AM
....But they also show that migrants from western European countries are more likely to have a university degree, to be higher paid and to work in a job that matches their education. This split in profile between western and eastern European migrants working in Britain is echoed by their relative concentrations in the financial and business service sectors on the one hand and agriculture and manufacturing on the other. ...
The Guardian view on rising personal debt: more prudence please | Editorial image
. New figures on business confidence suggest that the one place where the service sector boom is on the ebb is in the consumer sector – hotels and restaurants, gyms and hairdressers. ...
Scottish economic output falls by 0.2% image
Source : BBC [Read Article] Wednesday 5th of April 2017 12:20:57 PM
....7% for the UK as a whole. Scottish government statisticians found output was flat in the service sector - and down in production and construction, by 0. ...
UK services sector expands at fastest rate this year image
Source : Guardian [Read Article] Wednesday 5th of April 2017 11:24:50 AM
.... Any reading above 50 indicates that the sector is expanding. The survey reported that new product launches, strong client demand and the boost from a recovering global economy had all helped the service sector in March. ...
Trump's trade tactics image
Source : BBC [Read Article] Tuesday 4th of April 2017 11:33:23 PM
.... . Probably most important for the US is that modern service sectors like finance, social media, telecommunications, health care and transportation are largely closed to imports and foreign investment. ...
Parts of UK that voted for Brexit may be hardest hit, study finds image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....Researchers admit that the exercise can only provide a partial glimpse into what might happen due the large uncertainty over the course of negotiations. They were also unable to quantify the likely impact on service sector exports, which are not covered by WTO rules, and would see further pain heaped on regions such as London. ...
Jones Bootmaker is on the brink – but it's not all gloom on the high street image
.... Even when jobs are relatively plentiful and inflation is picking up, workers are unwilling or unable to press for higher pay. The reasons for this transformation is obvious: de-industrialisation and the growth of employment in the non-unionised service sector; curbs on the power of trade unions; an increase in labour supply. ...
UK unemployment is as low as 1975 – but why aren't wages rising? image
Source : Guardian [Read Article] Wednesday 15th of March 2017 11:18:08 AM
.... Even when jobs are relatively plentiful and inflation is picking up, workers are unwilling or unable to press for higher pay. The reasons for this transformation is obvious: deindustrialisation and the growth of employment in the non-unionised service sector; curbs on the power of trade unions; an increase in labour supply. ...
UK economy 'loses momentum' as services growth slows image
Source : BBC [Read Article] Friday 3rd of March 2017 10:08:51 AM
. Growth in the UK's service sector eased to a five-month low in February, according to a closely watched survey. ...
FTSE closes down as WPP shares hit by cautious outlook image
Source : BBC [Read Article] Friday 3rd of March 2017 08:56:40 AM
....The firm reported improved profits and sales for 2016, but said it would struggle with "legacy issues" this year. On the currency markets, the pound fell after the survey of the UK's dominant service sector added to evidence that the economy has slowed since the start of the year. ...
US economy adds 227,000 jobs in January – the best figures since September image
....9% the month earlier. Wages have lagged behind as unemployment has fallen in part because service sector and other less well paid jobs have dominated jobs growth. ...
UK GDP growth shows consumers spending despite Brexit worries | Larry Elliott image
....What is certainly true is that growth continues to be highly unbalanced. It has been the service sector that has been keeping the economy going over the past six months, with retailing and hospitality especially strong. ...
The new robot revolution will take the boss's job, not the gardener's image
Source : Guardian [Read Article] Sunday 22nd of January 2017 01:38:08 PM
.... Robots have taken over factories. Advances in artificial intelligence (AI) mean a second wave of change is approaching – and this time the jobs at risk from the machines are going to be jobs in the service sector. ...
Declutter your cupboard if you want, but it won't save the planet | Frank Trentmann image
.... A hybrid Toyota Prius might save petrol but it also needs 9kg (20lb) of rare-earth elements, and that’s just for its battery. Information and communications technology already account for 15% of the service sector’s electricity consumption in France. ...
UK services sector grows at fastest pace for more than a year image
Source : Guardian [Read Article] Thursday 5th of January 2017 10:56:43 AM
....6% in the third quarter and confounding forecasters who had predicted growth would grind to a halt before the end of the year because of Brexit worries. “A buoyant service sector adds to signs that the UK economy continues to defy widely held expectations of a Brexit-driven slowdown,” said Chris Williamson, chief business economist at IHS Markit. ...
UK service sector sees strong expansion in December image
Source : BBC [Read Article] Thursday 5th of January 2017 10:10:20 AM
Cause for alarm at Next as Wolfson's policy shift betrays his pessimism image
Source : Guardian [Read Article] Wednesday 4th of January 2017 02:20:37 PM
.... The building sector relies heavily on imported labour and will not welcome any talk of stiff curbs on immigration. Third, it’s the service sector – about 75% of the economy – that drives broader confidence. ...
UK construction sector sees strong growth image
Source : BBC [Read Article] Wednesday 4th of January 2017 11:31:58 AM
....The construction survey, together with a similar survey of the manufacturing sector released on Tuesday, suggests the UK economy remained robust at the end of 2016, although the manufacturing survey also found firms facing rising costs. The survey of the UK's dominant service sector is due to be released on Thursday. ...
Business as usual for UK economy – but where will it go in 2017? image
Source : Guardian [Read Article] Friday 23rd of December 2016 11:30:41 AM
....The signs are that the final three months of 2016 will see more of the same. Retail sales have remained strong, the service sector continues to expand while industry struggles. ...
UK third quarter GDP growth revised up to 0.6% image
Source : BBC [Read Article] Friday 23rd of December 2016 09:36:26 AM
UK manufacturing falls in October, ONS figures show image
Source : BBC [Read Article] Wednesday 7th of December 2016 10:21:58 AM
....4% growth in the three months to the end of October. "Recent economic growth has been driven almost entirely by the UK's broad service sector, supported by robust consumer spending," said Rebecca Piggott, research fellow at NIESR. ...
UK service sector recovers after Brexit dip but inflation looms image
Source : Guardian [Read Article] Tuesday 6th of December 2016 06:01:04 AM
....The survey’s compilers, Markit, said the economy was on course to grow 0. 5% in the final three months of the year based on the service sector report and its polls of the smaller construction and manufacturing sectors last week. ...
UK service sector growth 'continues to strengthen' image
Source : BBC [Read Article] Monday 5th of December 2016 10:35:41 AM
. Growth in the UK's key service sector continued to strengthen last month, according to a closely watched survey. ...
Rising costs and slower consumer spending hit service sector, says CBI image
Source : Guardian [Read Article] Monday 28th of November 2016 12:01:14 AM
....The survey is the latest illustration of the economy that has shown growth to be more robust than many forecasters expected, but on course for a slowdown over the next year. The CBI’s latest quarterly service sector survey showed that business and professional services firms, which include accountancy, legal and marketing firms, expect sales to fall during the coming months after a small increase in the last three. ...
Trade is the lifeblood of humanity. Closed doors lead to closed minds | Will Hutton image
.... The system that underpinned our collective prosperity is about to be trashed. It brought national and international benefits, including an avalanche of inward direct investment into both countries, powerful international financial and business service sectors, rising global living standards and the economic and democratic transformation of Asia. ...
UK service sector 'moves up a gear' report says image
Source : BBC [Read Article] Thursday 3rd of November 2016 10:52:53 AM
. The UK service sector "moved up a gear" in October according to a closely watched survey of purchasing managers. ...
Restaurant food sales soar as UK tastes change image
Source : BBC [Read Article] Tuesday 1st of November 2016 03:48:26 PM
...."We anticipated growth in spending on eating out, but the final numbers are on the high side of what we might have expected," said Duncan Smith, ‎head of business development at Cardlytics UK. The quick service sector comprises fast-food and other counter-service outlets, where food is just as likely to be eaten outside the venue as in it. ...
Brexit has had 'no major effect' on economy so far image
Source : BBC [Read Article] Wednesday 21st of September 2016 10:17:42 AM
....Official figures have not yet reflected the collapse in confidence predicted by some surveys since the referendum. But the ONS warned that we have not yet had official figures for the service sector, which are due next week. ...
Good news for holidaymakers: Pound surges to 7-week high as Britain's economy gets boost image
....33 at a seven-week high against the dollar and 1. 19 against the euro, after data this morning revealed the UK's service sector had a record rise in output during August. ...
Construction industry shows signs of recovery, PMI survey says image
Source : BBC [Read Article] Friday 2nd of September 2016 10:53:09 AM
....3% fall in the first quarter, meaning the industry recorded two consecutive quarters of negative growth for the first time since 2012. Markit's construction figures come ahead of its PMI for the UK's dominant service sector due out on Monday. ...
Pre-Brexit vote research shows prosperity hotspots emerging across UK image
Source : Guardian [Read Article] Monday 29th of August 2016 11:01:14 PM
....“A large part of this will be investment in skills, particularly in areas which are still recovering from the decline in traditional industries. The most vibrant places are those [that] have high-skilled workforces and which have focused on supporting firms and employment in the knowledge-based service sectors. ...
Brexit: IDS urges EU exit talks 'as soon as possible' image
Source : BBC [Read Article] Sunday 21st of August 2016 04:00:26 AM
....He said that Britain did not need to be a member of the single market to trade with it, and may well be better off outside. "Being outside returns control over laws and borders and frees the UK from EU regulations, its external tariff and allows us, as a service sector economy, to position ourselves globally, set our trade deals and compete internationally, particularly in financial services. ...
Rate cut 'foregone conclusion' as economy slows sharply image
Source : BBC [Read Article] Wednesday 3rd of August 2016 09:25:13 AM
....4 in July, indicating contraction. The figure confirmed an earlier initial estimate of service sector output. ...
UK economic growth sped up ahead of Brexit vote image
Source : BBC [Read Article] Wednesday 27th of July 2016 08:40:02 AM
....It is "far too soon to draw firm conclusions" about the UK's future growth prospects, the British Chambers of Commerce (BCC) warned. "The significant contribution made by the manufacturing sector is particularly encouraging, but the improvements were from a low base, and the UK economy remains reliant on the service sector to drive growth," the BCC said. ...
Blame it on the Brexit: But is it just an excuse? image
Source : BBC [Read Article] Tuesday 26th of July 2016 11:05:43 PM
.... . Both manufacturing and service sectors saw a decline in output and orders, though exports picked up, driven by the weaker pound. ...
Airshow history image
Source : BBC [Read Article] Thursday 7th of July 2016 11:02:33 PM
.... . "But we still produce significant parts for aircraft - we have a huge service sector - and London remains the foremost centre of aviation finance and insurance. ...
UK service sector growth slows image
Source : BBC [Read Article] Tuesday 5th of July 2016 09:28:32 AM
. Growth in the key UK service sector slowed last month, according to a closely-watched survey. ...
US economic growth for first quarter revised higher image
Source : BBC [Read Article] Tuesday 28th of June 2016 01:28:12 PM
....5%, the slowest pace since the first quarter of 2014. That weaker number was a reflection of slowing spending in service sectors such as health care and weak consumer spending during a harsh winter in many regions of the US. ...
What does Brexit mean for you? Holidays, homes and jobs image
Source : Guardian [Read Article] Friday 24th of June 2016 12:51:10 PM
.... Much will depend on whether a recession will be triggered by the referendum result, as many international financial organisations have warned, and what deal the UK can negotiate with EU member states. Experts have warned that those most likely to be affected by leaving the union will be those employed in the service sectors that trade with the EU, and forecast that those working in financial services, tourism and car manufacturing will be major losers as these industries struggle post-Brexit. ...
What does Brexit mean for you? Holidays, homes and jobs image
Source : Guardian [Read Article] Friday 24th of June 2016 10:28:03 AM
.... Much will depend on whether a recession will be triggered by the referendum result, as many international financial organisations have warned, and what deal the UK can negotiate with EU member states. Experts have warned that those most likely to be affected by leaving the union will be those employed in the service sectors that trade with the EU, and forecast that those working in financial services, tourism and car manufacturing will be major losers as these industries struggle post-Brexit. ...
What would British business be like after Brexit? image
Source : Guardian [Read Article] Saturday 18th of June 2016 03:00:14 PM
....Like Minford, they believe the UK government will be forced to water down regulations to retain their services and stop them from joining the rush to Singapore. “Those likely to be most affected by leaving the EU would be in the service sectors that trade with the EU and sectors that benefit from the free movement of labour,” says Angus Armstrong, director of macroeconomics at the National Institute of Economic and Social Research. ...
Brexit would help UK manufacturing survive in a global market image
Source : Guardian [Read Article] Tuesday 14th of June 2016 11:48:20 AM
....Manufacturing matters and Brexit can help. Although a service sector economy, UK manufacturing is vital in achieving balanced and regional growth and reducing the large trade deficit. ...
Brexit 'would leave British workers £38 a week worse off' image
Source : Guardian [Read Article] Tuesday 31st of May 2016 11:01:06 PM
.... And not just any old jobs – we’d be losing high-pay, high-skill, high-productivity jobs. We’d lose manufacturing jobs that pay £100 a week more than service sector equivalents. ...
Even ECB can't save it! Eurozone in 'low-growth' quagmire as economy FALLS to 16-month low image
....It comes just two months after the European Central Bank (ECB) unveiled an ambitious program of rate cuts and money printing, in a bid to save the economy. The service sectors in France and Germany managed to sustain the reading above the 50 point mark this month, but manufacturing in the both countries continues to struggle, found Markit. ...
Making things matters. This is what Britain forgot | Ha-Joon Chang image
Source : Guardian [Read Article] Wednesday 18th of May 2016 05:10:03 PM
....Moreover, it is a sector that produces inputs that raise productivity in other sectors. For example, the recent rise in productivity in the service sector has happened mainly because it is using more advanced inputs produced in the manufacturing sector – computers, fibre-optic cables, routers, GPS machines, more fuel-efficient cars, mechanised warehouses and so on. ...
UK trade deficit with EU hits new record image
Source : Guardian [Read Article] Tuesday 10th of May 2016 09:32:09 AM
....Over the same period, imports from the EU remained constant, accounting for 54% in both 2000 and 2015. Europe has tended to be a less crucial market for UK service sector companies, many of whom have close business links with the US. ...
Services sector slump fans fears of UK economic slowdown image
Source : Guardian [Read Article] Thursday 5th of May 2016 10:05:05 AM
.... That followed polls earlier in the week showing the smaller construction and manufacturing sectors had also lost momentum last month. Related: UK service sector growth slumps to three-year low – business live. ...
Donald Trump says he'd probably replace Fed chair Janet Yellen - business live image
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Wonga's losses expected to double to £70m for 2015 image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 07:02:19 PM
....Wonga –which recruited Andy Haste, a former boss of RSA insurance group, to clean up its image in 2014 – has said it wants to move its business away from the short-term lending that made its name, but also made it the focus of public anger. “Wonga has understandably faced criticism and we know we need to repair our reputation and regain our right to be an accepted part of the financial service sector,” Haste said when he took on the £500,000-a-year job. ...
UK manufacturing sector suffers worst month in three years image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 09:37:33 AM
....Rob Dobson, Markit’s senior economist, said: “The UK manufacturing PMI fell below its critical 50 mark for the first time in over three years in April, highlighting a further deepening of the sector’s downturn at the start of the second quarter. “On this evidence, manufacturing production is now falling at a quarterly pace of around 1%, and will likely act as a drag on the economy again during the second quarter and putting greater pressure on the service sector to sustain GDP growth. ...
Blow for George Osborne as economic growth slows to 0.4 per cent  image
Source : Daily Express [Read Article] Wednesday 27th of April 2016 09:14:00 AM
....1 per cent respectively. The service sector was the only major part of the economy to report growth, increasing by 0. ...
Much like the Queen, we're all going to be working a lot longer image
Source : Guardian [Read Article] Sunday 24th of April 2016 12:56:11 PM
....It is possible that the disruption to the labour market that robots and artificial intelligence will causedwarfs anything that has been seen in the past. As machines have taken over from humans in the manufacturing sector there has been rapid employment growth in the service sector to compensate. ...
Much like the Queen, we're all going to be working a lot longer image
Source : Guardian [Read Article] Sunday 24th of April 2016 12:56:11 PM
....It is possible that the disruption to the labour market that robots and artificial intelligence will causedwarfs anything that has been seen in the past. As machines have taken over from humans in the manufacturing sector there has been rapid employment growth in the service sector to compensate. ...

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