The UK’s all-important services sector has finally bounced back to where it was nearly two years ago before the pandemic hit, an official estimate has shown. While the rate of economic growth slowed down in October, the services sector, which includes everything from restaurants to accountants, managed to reach its February 2020 levels again for the first time. The recovery is, however, running at two speeds. Consumer-facing services, such as restaurants, are still 5.2 percent below their pre-pandemic levels, while all other services are 1.4 percent ahead. The news came as the Office for National Statistics (ONS) revealed that gross domestic product (GDP), a key measure of the economy, rose by 0.1 percent in October. It is a marked slowdown since September when the economy grew by 0.6 percent, according to ONS figures. It is also well below the 0.4 percent growth that analysts had forecast, according to a consensus …
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