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UK activity rises at weakest pace in current 22-month sequence of growth
Further growth of UK services activity was recorded during October, although the rate of expansion slowed to a marginal pace. Growth of new business also eased during the month, leading companies to deplete backlogs of work. Meanwhile, staffing levels were reduced for the second month running. On the price front, a further solid increase in input costs was recorded in October, but companies were still reluctant to fully pass on higher cost burdens to their clients and output prices rose only marginally. The headline seasonally adjusted Business Activity Index posted 50.6 in October. Although this reading still ... (full story)
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Early to bed, early to rise, keeps you healthy, wealthy and wise.