Growth in UK services is fastest since 1999
28 August 2012
Business activity in the UK services sector in October grew at the fastest rate since November 1999, according to the latest PMI figures.
The seasonally adjusted services business activity index - a composite indicator of economic conditions published by CIPS and NTC Research - stood at 59.1, well above the 50 figure that indicates no change on the previous month.
Almost three times as many companies said activity was up than reported a decline. This was largely attributed to rising confidence and...