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Services’ growth slows

GROWTH in the services sector has slowed.

Figures from the CBI show consumer services – including hotels, bars, restaurants, as well as travel and leisure firms – experienced the weakest expansion in a year. The numbers are for the three months to August.

Business and professional services, including accountancy, legal and marketing firms, grew at the slowest pace since November.

The services sector makes up more than three-quarters of the UK’s output and has helped the country out of recession. The CBI carried out a poll of 215 firms.

Katja Hall, from the CBI, said: ‘(This) reflects our view that momentum in the economy will ease in the second half of the year.’

 

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