Services sector shows economy ‘regaining momentum’



Output in Britain’s powerhouse services sector continued to recover last month from a contraction after the Brexit vote, as new business expanded at its fastest pace since February.
The closely watched Markit/Cips services purchasing managers’ index (PMI) showed a reading of 52.6 in September, down from 52.9 in August but above economists’ expectations of 52. A reading above 50 indicates growth.
The update comes after the industry, which accounts for three-quarters of the economy, slumped in the first month after Britain voted to leave the European Union, hitting 47.4 in July.
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6 October 2016 in Business, Views: 39
Source: Scotsman
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