Business volumes across the UK’s services sector fell in the three months to the end of January, but at a slower rate than in the previous quarter, according to the latest report from the CBI. In consumer services, which includes hotels, bars and restaurants, 25% of firms said business volumes fell over the period – an improvement from the 41% in November’s survey who suffered a decline in business. However, the latest report said that the number of people employed in bars, restaurants and other consumer service businesses fell over the quarter. Business services also suffered a fall in trading, but again not as much as feared. Ian McCafferty, CBI chief economic adviser, said: “Although volumes of business activity continued to worsen across the UK services sector in the past quarter compared with the previous quarter, there are some tentative signs that conditions may be levelling out. “Business confidence remains fragile, and will continue to be so given the continuing uncertainty in the eurozone. However, there are some signs that after the very sharp fall in confidence at the height of the crisis last autumn, sentiment is stabilising.”