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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 September 2007.
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Publication:The Journal (Newcastle, England)
Date:Sep 4, 2009
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