The latest Markit/CIPS survey of UK service providers indicated stronger growth of both activity and new business in March amid reports of an improved economic climate. Companies kept on top of their increased workloads by adding to payrolls at a modest pace. Jobs were also created with an eye on the future – expectations for activity growth remained positive in March, with confidence little changed on February’s 12-month high. After accounting for seasonal factors, the headline Business Activity Index – which is based on a single question asking respondents to report on the actual change in business activity at ... (full story)