Summary
CONSUMER services firms were hit with a "surprise" fall in demand and expect spending to weaken further over the coming months after a slump in business in the last quarter. Confidence in the sector has been rocked by a bigger than expected decline in growth over the last three months, according to the latest quarterly survey of the service sector by the CBI.
The report found that both the value and volume of business fell over the quarter, with 30 per cent of businesses reporting a rise in value but 38 per cent seeing a drop. Less than a quarter of firms said business volumes had increased, while more than four in ten said they had fallen.See the full content of this document
Extract
Consumer Services Firms Hit by Shock Fall
The survey, which had been expected to sho...
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