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22/08/2001
Gap in fortunes between UK service and manufacturing sectors widens
The Office for National Statistics (ONS) has released figures which show a widening gap in fortunes between the UK's buoyant services firms and its recession-hit factories.
ONS said that while service industries performed better in the spring than it had previously thought, producers had recorded a worse-than-expected decline.
Figures revealed that output from UK producers fell by 1.1 per cent in the April-June quarter, with production by manufacturers slumping 2 per cent.
However, the service sector output was revised upwards to 0.8 per cent during the quarter, from an original estimate of 0.6 per cent, thanks largely to unforeseen strength in the hotels and restaurant industries.
The ONS report left its estimate of overall UK economic growth unchanged at 0.3 per cent above the quarter before.
The report, which follows official confirmation that UK manufacturing has entered recession, has prompted concerns about the contrasting fortunes of service and production sectors. (MB)
ONS said that while service industries performed better in the spring than it had previously thought, producers had recorded a worse-than-expected decline.
Figures revealed that output from UK producers fell by 1.1 per cent in the April-June quarter, with production by manufacturers slumping 2 per cent.
However, the service sector output was revised upwards to 0.8 per cent during the quarter, from an original estimate of 0.6 per cent, thanks largely to unforeseen strength in the hotels and restaurant industries.
The ONS report left its estimate of overall UK economic growth unchanged at 0.3 per cent above the quarter before.
The report, which follows official confirmation that UK manufacturing has entered recession, has prompted concerns about the contrasting fortunes of service and production sectors. (MB)
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18 June 2002
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
UK inflation rate falls below two per cent
Official figures from the Office for National Statistics (ONS) has revealed that the UK inflation rate fell sharply last month to 1.8% in May from 2.3% in April.
01 October 2001
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
UK house prices soar by 2.8 per cent
UK house prices rose 2.8 per cent in September, the highest monthly increase in eight years, according to a report by the building society Nationwide. The figures revealed in the report reveal that the price of the average UK home was 15 per cent higher last month than in September 2000.
03 December 2001
UK service sector confidence continues to fall
The latest quarterly survey of the UK service sector by the Confederation of British Industry (CBI) and Deloitte & Touche has found business volumes, confidence, profitability and prices are all falling.
UK service sector confidence continues to fall
The latest quarterly survey of the UK service sector by the Confederation of British Industry (CBI) and Deloitte & Touche has found business volumes, confidence, profitability and prices are all falling.
17 April 2002
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
15 March 2002
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
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