Services activity confirms recovery
28 August 2012
Services companies in the UK confirmed the sector's post-war and Sars recovery in December, according to the latest PMI report.
The business activity index, produced by CIPS and NTC Research, stood at 58.5 - seasonally adjusted for the Christmas holidays - well above the 50 figure that indicates no change on the previous month.
More than 25 per cent of companies said activity rose in December, compared with 8.7 per cent reporting a fall.
The incoming new business/new orders index...