Hotels and restaurants lead services growth
28 August 2012
Hotels and restaurants enjoyed the strongest growth in the UK services sector in May, as sector-wide business activity maintained its recent expansion.
The services sector business activity index - a composite indicator of business conditions from CIPS and NTC Research - stood at 57.4, a fall on April's 59 but still well above the 50 figure that indicates no change on the previous month.
More than a quarter of services companies again said activity had risen in May, led by hotels and restaurants - owing to...