UK services industry continues to grow
29 August 2012
Increased capacity and new investment are cited as factors driving improved activity in the UK services industry, according to the latest purchasing managers' index (PMI) report.
The services sector business activity index - a composite indicator of sector conditions from CIPS and NTC Research in which an index above 50 indicates growth - rose to 56.3 from 55.8 in June.
Input price inflation eased again to 56.6 down from 56.9, led, in part, by a fall in steel prices.
Encouraged by rising workloads, firms hired more staff, which...