Despite the fallout from the slump in oil-related business investment, the service sector enjoyed relatively strong growth over the past two years, mainly because of an acceleration in housing investment. But with housing investment falling now and business investment barely recovering, growth in the services sector is likely to slow next year, constraining the performance of the broader economy.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services