Thursday 4 July 2013

Service sector growth fastest for 2 years


The UK's services sector grew at its fastest rate for more than two years in June, a survey suggests. The Markit/CIPS Services PMI for the UK rose to 56.9 in June, from 54.9 in May. A figure above 50 indicates growth. The survey adds to signs that the economic recovery is strengthening. Markit says it expects the UK economy to grow by at least 0.5% in the second quarter of 2013. "New orders and job creation across all sectors are now rising at the fastest rates for almost six years, led by the vast services economy, boding well for robust growth momentum to be sustained as we move into the second half of the year," said Markit's Chris Williamson.

The Times, Page: 38   The Daily Telegraph, Business, Page: 1, 4   The Independent, Page: 52   The Guardian, Page: 25  

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