U.K. services output expands

Investor's Business Daily
April 2013
Investors Business Daily;4/ 1/2013, pA02
The sector, which makes up 3/4 of the economy, grew by 0.3% in Jan. on a monthly basis, the best since Aug. The rise contrasts with a shrinking manufacturing sector but offers some hope the U.K. can avoid a triple-dip recession. Other data showed productivity fell 0.5% sequentially in Q4, marking the 6th straight quarterly decline. Unit wage costs rose 0.5%.


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