Further falls in business volumes and values

Service Sector Survey: CBI

  • Previous expectations for stronger activity failed to materialise
  • Consumer Services and Business and Professional Services reported further falls in business volumes and values in the three months to August, against expectations that growth would turn positive
  • Optimism among Business and Professional Services about the business situation was also lower in the three months to August  than it was three months ago
  • Over the next three months, business volumes are expected to continue falling and business values are expected to be broadly flat
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