Services firms complete two-year expansion
29 August 2012
UK services companies enjoyed faster growth in March than the month before, according to the latest purchasing managers' index (PMI).
The services sector business activity index, a composite indicator of sector conditions compiled by CIPS and NTC Research, rose to 57, from 55.1 in March, to complete two years of unbroken growth. A 50 figure indicates no change on the previous month.
Robust demand from businesses and consumers fuelled an increase in the new orders and employment indices, amid...