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UK service sector remains on strong growth path
Latest PMI® survey data from Markit and CIPS continued to signal strong growth in the dominant UK services sector moving into the second half of 2015. Growth of business activity remained sharp, despite easing slightly since June, and was in line with the trend pace over the past two-and-a-half years of continuous expansion. In contrast, new business rose at a faster rate, and growth of outstanding business resumed following June’s decline. The current sequence of job creation was maintained, albeit at a slower rate. Cost pressures remained historically weak, while firms raised their own prices at the strongest ... (full story)
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