THE UK's dominant service sector achieved modest growth in January, after contracting in December, according to a survey that signals the widespread heavy snowfall may have hit the economy less than feared.
THE UK's dominant service sector achieved modest growth in January, after contracting in December, according to a survey that signals the widespread heavy snowfall may have hit the economy less than feared.
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ian mcconnell business editor
Vicky Redwood, chief UK economist at consultancy Capital Economics, cited "tentative hope" that a triple-dip recession might be avoided in the wake of yesterday's service sector survey from the Chartered Institute of Purchasing and Supply (CIPS).
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