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UK business activity stabilizes during December, helped by a rebound in new work
UK service providers indicated that business activity was unchanged in December, following a marginal reduction in the previous month. The stabilisation of service sector output was helped by a return to improving order books, as signalled by the sharpest rise in new work since last July. Job creation also strengthened in the latest survey period, partly driven by a rebound in business optimism to its highest for 15 months. The seasonally adjusted IHS Markit/CIPS UK Services PMI® Business Activity Index registered 50.0 in December, up from 49.3 during November, to signal a stabilisation of overall service sector ... (full story)