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Montevideo, March 28th 2024 - 11:22 UTC

Tag: UK services sector

  • Thursday, April 6th 2017 - 14:59 UTC

    UK services sector grows stronger than expected during March

    The services sector, which accounts for three-quarters of the UK economy, said business activity and new work grew at the strongest rate so far this year.

    Activity in the UK's dominant services sector rose at a faster-than-expected pace in March. The Markit/CIPS purchasing managers' index (PMI) for services rose to 55, compared with economists' expectations of a slight increase to 53.5. The services sector, which accounts for three-quarters of the UK economy, said business activity and new work grew at the strongest rate so far this year.