{"id":72631,"date":"2021-05-28T07:02:36","date_gmt":"2021-05-28T07:02:36","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72631"},"modified":"2021-05-28T07:02:37","modified_gmt":"2021-05-28T07:02:37","slug":"service-sector-optimism-grows-fastest-rate","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/","title":{"rendered":"Service sector optimism grows at fastest rate on record"},"content":{"rendered":"\n

Optimism over the future of the service sector increased at the fastest pace on record in the three months to May as the UK\u2019s economic recovery from the pandemic gathered steam.<\/p>\n\n\n\n

According to the CBI\u2019s latest quarterly Service Sector Survey, sentiment about the general outlook for the professional services sub-sector jumped from +23 per cent to +63 per cent, a record leap.<\/p>\n\n\n\n

Meanwhile, buoyed by the reopening of non-essential retail and hospitality, the consumer services sector saw optimism jump from -55 per cent to +33 per cent.<\/p>\n\n\n\n

The picture was more mixed for volumes, with business and professional services volumes rising at the fastest rate on record last quarter, while consumer services volumes continued to decline but at a much slower pace.<\/p>\n\n\n\n

But both sub-sectors expect strong growth in volumes in the quarter ahead.<\/p>\n\n\n\n

To find out more about how we can assist you with your Second Charge Mortgage please click here<\/a><\/em><\/p>\n\n\n\n

The CBI\u2019s data comes after IHS Markit\u2019s flash PMI reading for May suggested that business activity in the UK expanded at its fastest rate since 1998 this month.<\/p>\n\n\n\n

Driven by the government\u2019s rapid progress with the vaccination scheme, ministers have been able to peel back restriction layer by layer, allowing business activity to take off.<\/p>\n\n\n\n

The service sector is at the core of the UK\u2019s economy, accounting for 81 per cent of total UK economic output in 2020.<\/p>\n\n\n\n

Ben Jones, CBI Principal Economist, said: \u201cWith the reopening roadmap on track and the vaccine rollout delivering, it\u2019s no surprise to see an uptick in optimism across the sector.<\/p>\n\n\n\n

\u201cBoth sub-sectors are expecting strong business growth over the next few months as restrictions continue to lift.\u201d<\/p>\n\n\n\n

But, he added, \u201cclarity on future social distancing requirements and workplace testing would go further towards smoothing the route to recovery.\u201d<\/p>\n\n\n\n

By Edward Thicknesse<\/em><\/p>\n\n\n\n

Source: City AM<\/a><\/p>\n\n\n\n

Discover our Second Charge Mortgage Broker<\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Optimism over the future of the service sector increased at the fastest pace on record in the three months to May as the UK\u2019s economic recovery from the pandemic gathered steam. According to the CBI\u2019s latest quarterly Service Sector Survey, sentiment about the general outlook for the professional services sub-sector jumped from +23 per cent […]<\/p>\n","protected":false},"author":1,"featured_media":72445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2164,2075,2180],"yst_prominent_words":[1362,106,485,107,1797,1819,1204],"acf":[],"yoast_head":"\nService sector optimism grows at fastest rate on record<\/title>\n<meta name=\"description\" content=\"Optimism over the future of the service sector increased at the fastest pace on record in the three months to May as economic recovery gathered steam.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Service sector optimism grows at fastest rate on record\" \/>\n<meta property=\"og:description\" content=\"Optimism over the future of the service sector increased at the fastest pace on record in the three months to May as economic recovery gathered steam.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/\" \/>\n<meta property=\"og:site_name\" content=\"Second Charge Mortgage UK\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-28T07:02:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-28T07:02:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2021\/01\/pound-1756877_960_720.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"611\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\",\"name\":\"UK Mortgage Broker\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2020\/01\/transparent.png\",\"width\":726,\"height\":334,\"caption\":\"UK Mortgage Broker\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Second Charge Mortgage UK\",\"description\":\"Mortgage Solutions for Clients with Adverse Credit\",\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/secondchargemortgageuk.com\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secondchargemortgageuk.com\/wp-content\/uploads\/2021\/01\/pound-1756877_960_720.jpg\",\"width\":960,\"height\":611,\"caption\":\"Bank of England Pound sterling to Euro Rate debt UK economy UK GDP Second-charge mortgages service sector GBP\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#webpage\",\"url\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/\",\"name\":\"Service sector optimism grows at fastest rate on record\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#primaryimage\"},\"datePublished\":\"2021-05-28T07:02:36+00:00\",\"dateModified\":\"2021-05-28T07:02:37+00:00\",\"description\":\"Optimism over the future of the service sector increased at the fastest pace on record in the three months to May as economic recovery gathered steam.\",\"breadcrumb\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/\",\"url\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/\",\"name\":\"Service sector optimism grows at fastest rate on record\"}}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#webpage\"},\"author\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\"},\"headline\":\"Service sector optimism grows at fastest rate on record\",\"datePublished\":\"2021-05-28T07:02:36+00:00\",\"dateModified\":\"2021-05-28T07:02:37+00:00\",\"commentCount\":0,\"mainEntityOfPage\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#primaryimage\"},\"keywords\":\"second charge mortgage,uk economy,UK service sector\",\"articleSection\":\"Second Charge Mortgage UK\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/secondchargemortgageuk.com\/service-sector-optimism-grows-fastest-rate\/#respond\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/secondchargemortgageuk.com\/#\/schema\/person\/2a6baa7be34813e3821576e78b74f615\",\"name\":\"Marketing\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/secondchargemortgageuk.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/58097a1900583ccc6a78711c63c1b8f7?s=96&d=mm&r=g\",\"caption\":\"Marketing\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72631"}],"collection":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/comments?post=72631"}],"version-history":[{"count":1,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72631\/revisions"}],"predecessor-version":[{"id":72632,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/posts\/72631\/revisions\/72632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media\/72445"}],"wp:attachment":[{"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/media?parent=72631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/categories?post=72631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/tags?post=72631"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/secondchargemortgageuk.com\/wp-json\/wp\/v2\/yst_prominent_words?post=72631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}