Service sector powers ahead
The Markit/CIPS purchasing managers’ index grew at its swiftest rate since March 2011 in January, indicating a big bounce in the service sector that accounts for more than 70% of the UK’s economic output. Markit also reported the biggest monthly rise in business optimism since the survey started 15 years ago. Andrew Goodwin of the Ernst & Young (E&Y) Item Club has now raised the possibility of the UK avoiding a second technical recession.
BBC News Daily Express, Page: 11
Posted on 04 Feb 2012