Services companies maintain robust performance
28 August 2012
British services companies saw a marginal fall in growth in February but activity still showed a rapid increase, according to the latest PMI figures.
The business activity index, produced by CIPS and NTC Research, stood at 59.5, slightly lower than January's 59.8. Nearly 30 per cent of companies said activity was up on the previous month, thanks to stronger economic growth and another increase in new business.
Customer confidence in the global and domestic recoveries meant they placed higher volumes of orders...