Split in service industry as confidence takes a hit
This article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement.
Business and professional services firms – which include accountancy, legal and marketing outfits – reported that business volumes were unchanged on the quarter, after rising in May. Meanwhile, consumer services firms, including hotels, bars, restaurants, travel and leisure operators, saw further moderate growth in volumes.
In the first quarterly CBI service sector snapshot since the UK’s decision to leave the European Union, optimism in both sub-sectors fell sharply.
Advertisement
Hide AdAdvertisement
Hide AdAnna Leach, the business body’s head of economic analysis and surveys, said: “To shore up confidence across the economy, the government must clearly communicate plans for negotiations to leave the EU.”