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Stronger upturn in UK service sector activity during August, but business optimism hits five-month low
UK service providers experienced a stronger increase in business activity and incoming new work during August. Improving business conditions helped to underpin a rebound in employment growth to its fastest for six months. However, survey respondents widely noted that a lack of suitably skilled candidates to fill vacancies had held back staff hiring and constrained business expansion plans. Meanwhile, business confidence regarding the year-ahead outlook dropped down to its lowest since March, which was attributed to political uncertainty and the unpredictable impact of Brexit on clients’ business operations. At 54.3 ... (full story)
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