mpc.theyserveforyou.com

mpc: 23 Services output growth was holding up well, despite the apparent slowdown in consumer spending. One of the reasons for this was the resilience of business services and finance relative to other service sector industries. According to the ONS, only a quarter of the output of business services and finance was supplied directly to households. Demand from other companies, government and overseas clients had most probably sustained the sector. A possibility was that services output would eventually respond to the deceleration of consumer spending, as it had sometimes done in the past.