By Max Clarke
Overall profit margins for UK companies have risen to 12.7%, revised up from the previous estimate of 12.5%.
The figure for the same period last year, data published today by the Office for National Statistics show, stood at 11.7%. This year-on-year gain is a marked improvement, prompting fresh hopes in the private sector recovery.
The figures represent quarterly change, a more volatile measure than yearly figures which have remained largely unchanged over the past decade.
Capital intensive industries like manufacturing have retained narrower profit margins due- currently 9%, whilst service industries have reached 16%.
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