Transport and IT cool strong services growth
28 August 2012
Services sector activity increased for a fifteenth successive month in June – encouraged by new business and a strong rise in marketing and advertising work.
But a second monthly fall in the business activity index showed growth easing from the rate recorded in late 2003.
The services sector business activity index - a composite indicator of business conditions from CIPS and NTC Research – showed growth easing at 56.8, from 58.2 in May.
Overall, activity rose particularly sharply in the hotels and restaurants...