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Markit/CIPS UK Services PMI
UK service sector activity growth surged in March to its strongest for thirteen months, as companies benefited from improved business conditions, higher sales and increased enquiries. Capacity levels were tested, leading to a slight rise in employment for the first time in nine months. However, optimism regarding future activity was slightly down since the previous month. On the prices front, input costs continued to rise at a marked pace, with the rate of inflation only slightly lower than January’s two-and-a-half year peak. Nonetheless, the degree of pass through remained muted – output charges rose at their ... (full story)