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Timpson added: "Many sectors have shown that they can innovate and improve services – we've seen entrepreneurialism in education, health and in local authorities too, which are sharing, merging and adapting a range of services.
While many sectors have been on a tear in 2009, telecommunications stocks continue to lag the broad market.
Following the fast development of mobile computing in recent years, many sectors have adopted mobile devices and wireless technologies enabling real-time information transfer thereby improving business processes.
For example, while many sectors have several significant estimates, the electrical machinery and communication sectors receive no significant effects from productivity growth in other sectors.
Many sectors have only recently begun to digitize, and valuable data might be in difficult-to-extract formats, such as handwritten notes, unstructured observation logs or PDFs.
Many sectors have moved into green for the year.
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Moreover, the country's rising competitiveness in many sectors has made it an attractive export base.
Take-up in many sectors has been disappointing, including low wage sectors where learners are reluctant to take on debt and employers are unable to make up the shortfall.
The reason is so many different sectors have been hit at once, especially financial services and information technology.
Foreign analysts have warned that borrowers in many industrial sectors have used bank loans to speculate in real estate, so that the banking sector may have an unintentionally large exposure to the country's real estate market.
Hence, many business sectors have taken measures, for example, process improvement and advancing storage technology, to control and dilute the deterioration effects.
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