The services sector output index for the quarter to September 2009 decreased by 0.1% compared with the previous quarter. There were decreases in three of the five components that make up the index, business services and finance, hotels and restaurants and Government and other services. Distribution showed the most significant increase over transport and communication.
The increase in distribution was 1.1%, while transport increased by 0.5%. The Government sector reported the a decrease of 0.2%, most significantly in education and recreation, then came business services at 0.3% and hotels and restaurants a 2.7% decrease. The indicator for the output of the services sector for the month between August and September showed an increase of 0.4%.
Showing posts with label sector. Show all posts
Showing posts with label sector. Show all posts
Thursday, 26 November 2009
Monday, 29 June 2009
Bankers Still In Decline As Financials Generally Better
The financial services sector expect business to get better over the next few months for the first time in two years after falls lasting nearly two years. Optimism has risen for the whole business position for the first time in two years. The CBI Financial Services Survey suggests that despite business continuing to fall it is much slower than previously. It is hoped that the general trend will continue to improve though doubts remain over a uniform recovery across all sectors.
Banks increased their spreads to record proportions but remain in decline after giving support to profitability. Business volumes remain well below normal but are set to increase over the next few months. Building societies recorded decreases in income values and spreads leading to lower profitability. Employment is falling. Business volumes have risen in finance houses but not profitability. There have been further sharp falls in employment but less than the last quarter and it expected to continue.
Both general and life insurance volumes have fallen over the last three months. There is optimism in both sectors as volumes are expected to rise. Insurance brokers and securities traders have both seen increases in profitability but securities traders remain cautious. Insurance brokers expect their increases to continue into the next quarter and employment falls were slowest for over a year. Investment managers have seen little change in the quarter despite predictions of falls and employment actually rose. Anticipated falls in volumes and profitability and expected fall in employment mean the outlook for the next few months is not much different.
Banks increased their spreads to record proportions but remain in decline after giving support to profitability. Business volumes remain well below normal but are set to increase over the next few months. Building societies recorded decreases in income values and spreads leading to lower profitability. Employment is falling. Business volumes have risen in finance houses but not profitability. There have been further sharp falls in employment but less than the last quarter and it expected to continue.
Both general and life insurance volumes have fallen over the last three months. There is optimism in both sectors as volumes are expected to rise. Insurance brokers and securities traders have both seen increases in profitability but securities traders remain cautious. Insurance brokers expect their increases to continue into the next quarter and employment falls were slowest for over a year. Investment managers have seen little change in the quarter despite predictions of falls and employment actually rose. Anticipated falls in volumes and profitability and expected fall in employment mean the outlook for the next few months is not much different.
Thursday, 18 June 2009
Retail Sales Fall Again
The value of retail sales fell by 1.1% in May 2009 compared with May 2008. The volume of retail sales in May 2009 fell by 1.6% compared with May 2008 according to the latest ONS statistics. They warn that it is important to note that the value and volume of sales for May 2008 were unusually large.
In food stores the value was 3.9% higher than last year and the volume 1.3% lower. Non-food stores values were 6.2% lower and volumes 3% lower than last year. Against the trend, in non-food stores, non-specialised stores increased their volumes by 3%. Another sector to increase both value and volume was the non-retailing and repair sector which increased 6.6% in value and 9.8% in volume. Prices were estimated to be 0.7% higher than the same time last year. The average weekly value of Internet sales was £117.3 million or 3.3% of total sales.
In food stores the value was 3.9% higher than last year and the volume 1.3% lower. Non-food stores values were 6.2% lower and volumes 3% lower than last year. Against the trend, in non-food stores, non-specialised stores increased their volumes by 3%. Another sector to increase both value and volume was the non-retailing and repair sector which increased 6.6% in value and 9.8% in volume. Prices were estimated to be 0.7% higher than the same time last year. The average weekly value of Internet sales was £117.3 million or 3.3% of total sales.
Thursday, 11 June 2009
Chemicals And Consumer Non-Durables Up
Production output decreased by 3.2% in 3 months to April and was 12.6% down on last year. Manufacturing was also down 2.8% and the mining and quarrying industries by 4.0% on the quarter and 9.3% on the year. The most significant rises in the manufacturing industry were 3.2% in the transport equipment industries, 2.3% in chemicals and 1.6% in paper, printing and publishing. The utilities were down 5.5%. It was similar for basic metals and metal products at 2.2%.
In the three main market sectors, output of consumer durable goods fell by 4.7%, non-durables were 1.9% up on the quarter and 0.8% up on the month. Capital goods were 5.6% down on the last quarter but 0.8% up on the month. Output of intermediate goods and energy were also lower. Food, drink and tobacco were up on the last quarter with a 1.6% increase.
The ONS's Index of Production is an important short-term indicator of industrial activity. It is a monthly time series covering 18.0% of the UK economy.
In the three main market sectors, output of consumer durable goods fell by 4.7%, non-durables were 1.9% up on the quarter and 0.8% up on the month. Capital goods were 5.6% down on the last quarter but 0.8% up on the month. Output of intermediate goods and energy were also lower. Food, drink and tobacco were up on the last quarter with a 1.6% increase.
The ONS's Index of Production is an important short-term indicator of industrial activity. It is a monthly time series covering 18.0% of the UK economy.
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