Service sector slowdown continues

sector job growth is slowing and the slowdown in manufacturing is continuing,
according to the British Chambers of Commerce.

study of 7,182 UK firms showed service firms’ export sales last quarter were
the lowest for a decade. It revealed service sector job growth has halved from
16 to 8 per cent, and the outlook for job growth has fallen 3 per cent to 13
per cent.

is shedding jobs, with 12 per cent job losses in the past quarter, up from 6
per cent in the previous quarter.

Lennan, director general of the British Chambers of Commerce said:
"Circumstances for manufacturers continue to remain dire. [However, the]
results show activity has appeared to steady.

prospects for further loss of jobs remain on the cards,” he added.

Ben Willmott

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