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Markit/CIPS UK Services PMI
UK service sector activity continued to rise in September, in line with a solid gain in new business. Anecdotal evidence suggested an underlying improvement in demand and a post-Olympics boost to business activity. Growth rates remained below trend, however, and companies were able to largely keep on top of workloads with fewer staff. A net fall in employment was recorded for the first time in ten months. After accounting for seasonal factors, the headline Business Activity Index recorded 52.2 in September. That was down from August’s 53.7, but still above the 50.0 no-change mark for the twenty-first successive ... (full story)
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