Top UK industries in the economic recovery

Article Written By: Sarah Maple

As the UK markets display subtle signs of recovery, new employment sectors lead the way in economic growth. The past five years have delivered a tumultuous financial hand to the UK, with employment markets being rocked and reshaped by a shift in personal and public wealth. As we witness the country continue with its first tentative steps on a long road to recovery, there is now a new geography to the markets that are tipped to take the lead.

Recent government figures indicate that the last quarter of 2009 saw a 0.4% increase in the economy, which has offered some comfort for the first quarter of 2010 and the notion that the country may still escape the wrath of a double dip. However, growth has not been equally spread across the board, so if you are looking to change job, invest funds or simply keep an eye on the markets here is a short guide to the top industries that are currently tipped to lead the UK out of recession.

Business services

With many businesses and individuals looking to streamline accounts, spending and budgets in the depths of the recession, as well as economise in the lead up to the end of the financial year, it's no surprise that business services experienced strong growth, with a rise of 0.4%.

Transport, storage and communication

Also falling within service output, transport, storage and communications have also shown signs of recovery with a growth of 0.6%, a relative surprise considering the continuing increase in oil prices and the resulting impact on transportation costs.

Manufacturing

Despite more than a decade of decline, manufacturing is one of the few production industries to have experienced growth during 2009, with output increasing by 0.8%. However, this could simply be interpreted as a result of the Government Scrappage Scheme, which has now finished and no doubt will be checked closely in this quarter's accounts.

Distribution, hotels and catering industries

Despite growth remaining unrevised at 0.5%, overall service output is looking decidedly healthier than it did in the previous quarter - this will have a big impact on sales jobs, which are reliant on markets that fall within this category.

About the Author

Sarah Maple - IT sales jobs and marketing recruitment

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