Positive news from the service sector; ECONOMY TODAY: ECONOMY.
HOPES the UK recession will soon be over were lifted yesterday by a
survey showing the services sector grew at its fastest pace for nearly
two years in August. The services sector - the biggest contributor to
the economy - recorded a reading of 54.1 on the business activity index,
according to the latest Chartered Institute of Purchasing and
Supply's (CIPS) report. The reading is up on the 53.2 seen in July
and marks the highest on the CIPS purchasing managers' index since