Rabu, 04 September 2013

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UK services growth at six-year high

Barber shop LondonBritain's service sector had a 'stellar' August according the latest Markit/CIPS survey

The UK service sector grew at its fastest pace in six years in August, according to the latest survey by Markit and the Chartered Institute of Purchasing and Supply (CIPS).

The business activity index registered 60.5 in August, the highest reading in more than six-and-a-half years.

It also showed that backlogs of work are running at the highest level in more than 13 years.

But despite the extra work, there was only a small increase in employment.

It was the eighth successive month that the survey has shown a growth in new business.

"The UK service sector turned in another stellar performance in August, building on the growth momentum seen during July," said Paul Smith, senior economist at research firm Markit.

"Moreover, the sector's recovery, which has been evident since the start of the year, has legs."



Source: BBC News - Business http://www.bbc.co.uk/news/business-23956192#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa