Growth of the UK’s private service sector economy was sustained during September, underpinned by sharply rising new business volumes. Capacity remained under pressure, with backlogs of work continuing to increase, and companies were suitably encouraged to add to their payroll numbers. Confidence in the future also helped to support payroll expansion, with latest data showing business expectations at a three-month high. The headline index from the survey, the seasonally adjusted Business Activity Index, posted 58.7 in September. That was down from 60.5 in August and the lowest level for three months. However, the ... (full story)