UK Services 'return to growth' in August

 

The UK's dominant services industry rebounded sharply in August, according to a closely-watched survey.


The Markit/CIPS purchasing managers' index showed activity in UK services saw its largest month-on-month rise in the survey's history.


The index rose from 47.4 in July to 52.9 in August, indicating expansion.


It adds to encouraging news from manufacturing and construction to suggest "an imminent recession will be avoided", Markit said.

 

Article from BBC News

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