The services sector has started the year in its strongest position since 2015 VICTORIA JONES/PAThe services sector shrugged off the impact of high inflation and made a positive start to the year, with volumes and profits up, according to the CBI. It said that consumer and business and professional sectors had enjoyed a rise in quarterly profits for the first time since November 2015, with expectations of growth next quarter. Business and professional services firms, which include accountancy, legal and marketing, saw volumes grow at the fastest pace since August 2015 in the three months to February, and growth is set to accelerate in the period to May. Volumes in the consumer services sector, which includes hotels, bars, restaurants, travel and leisure, bounced back from their sharp decline to record the fastest growth in a year, although some easing…

Source: The Times February 26, 2018 00:04 UTC