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UK services growth sustained at marked pace
Latest PMI® survey data from Markit and CIPS highlighted further strong improvements in the UK service sector during June. Activity rose more sharply, following a temporary lull in May linked to the recent election. Data for new business and employment also remained strong, leading to further optimism regarding prospects for future growth. However, new order growth eased slightly, contributing to the first monthly decline in backlogs of work since March 2013. Meanwhile, input costs and output charges continued to increase. The headline figure for the survey is the seasonally adjusted Markit/CIPS UK Services Business ... (full story)
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