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Uk Service Sector Growth 'slows'

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http://www.bbc.co.uk/news/business-11908342

The UK service sector grew slightly less strongly in November compared with the previous month, a closely-watched survey suggests.

The purchasing managers' index (PMI) fell to 53, down from 53.2 in October.

The figure suggests the service sector will contribute less to economic growth in the final quarter, said Markit, which helps to compile the survey.

Earlier this week, PMI figures showed the manufacturing sector growing at its fastest pace in 16 years.

Any figure above 50 in the PMI index, which is compiled by the Chartered Institute of Purchasing & Supply together with Markit, indicates growth

The recovery continues.

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Doesn't matter, there are 300,000 or 400,000 new private sector jobs being created, the government said so. These will replace all of the public sector job loses which are also being scaled back. It's all under control. You need to get back to worrying about who will win the X-factor and Cheryl's latest tramp stamp rather than the collapse of the service sector ;)

The private sector got out of jail with that one, they now have to create 130,000 fewer jobs thanks to the revisions in job losses needed to keep the deficit under control so we only borrow the money that we really really need.

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But was it unexpected or not?

You are right to point this out! If it is unexpected it should be refered to the department for the unexpected, otherwise it might be refered to the department for the expected and that would be a mistake.

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The recovery continues.

Fortunately it does, 53 indicates positive growth, just at a reduced rate. I'm sure no one on here would hope for anything less?

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I suppose these new private sector jobs will be advertised in the New Year so that the newly redundant public sector can take them up. There is no point advertising them now as some of these long-term unemployed might think that get them, when clearly these new jobs have been designed for ex-public sector employees. Seems like a plan is in place and all will be well.

33846904-mcdonalds.jpg

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  • 285 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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