Services sector growth accelerates
28 August 2012
UK services companies bucked the recent trend for slower growth in August, according to the latest purchasing managers' index (PMI) report.
New contracts lifted the August services sector business activity index - a composite indicator of business conditions from CIPS and NTC Research – to 56.9, up from July’s 56.2 and still well above the 50 figure that indicates no change on the previous month.
The buoyant economy helped services companies to increase their workloads, as did marketing activity and...