Slowdown in most market services in 2008
Real growth in market-service output slowed from 3.1% in 2007 to 1% in 2008, the smallest gain since 1994. Employment growth in the sector followed the same trend, slowing from 3.1% to 1.1%. The expansion of architecture, engineering, and testing activities quickened to 5.1%, thanks to engineering exports. They are the main drivers of service-sector growth, along with information and communication technologies (ICTs) and real-estate rentals. IT activities and telecommunications gained 4.5% and 2.9% respectively in real terms, but were less vigorous than in 2007. The categories hardest hit by the crisis were property development (down 7.6%), temporary-work agencies (down 3.3%), and legal, accounting, and consulting services (up 0.2%). Business slowed for travel agencies, tourist hotels, and cafés and restaurants. By contrast, cinemas and live entertainment fared better than in 2007.