July data signalled a slight improvement in the performance of the UK service sector, the latest survey report from Markit Economics showed this Monday.
The headline seasonally adjusted IHS Markit/CIPS UK Services PMI Index jumped to 51.4 in July as against consensus estimates pointing to a reading of 50.2, same as the previous.
Key Points:
“¢ A modest increase in service sector output.
“¢ Rebound in new work, helped by export sales.
“¢ Business expectations ease to a four-month low.
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