Service sector rebound quells recovery fears

first_img whatsapp Show Comments ▼ Express KCS Service sector rebound quells recovery fears whatsapp THE UK’s dominant service sector picked up in January, new survey data shows.The purchasing managers’ index (PMI) compiled by Markit climbed to a score 57.2 in January from December’s 55.8, according to figures released yesterday. Any score above 50 signifies expansion in activity.Following improvements in purchasing managers’ surveys for the manufacturing and construction sectors, the boost to services should end any fears of a lull in the UK’s economic growth. The service sector makes up around 79 per cent of the country’s economic output.Meanwhile, the UK’s growth slowed in the final three months of 2014. The three-month on three-month growth rate in GDP slipped to 0.5 per cent for October to December, down from 0.7 per cent in the July to September period. “Cheaper oil, cheaper money, cheaper imports, cheaper food, and fading memories of the financial crisis are setting Britain up for a strong year in 2015,” said economist Rob Wood from Berenberg bank.“As the general election race hots up increasing talk of political uncertainty hurting UK growth has been doing the rounds. But today’s PMI suggests that a bull market in such talk is not translating into a bear market for business expansion”Within the survey, there was promising news for job hunters as the employment index surged to 57.1 from December’s 54.8.And strong business activity is set to continue with the new orders index rising to 58.1 in January. from 57. Wednesday 4 February 2015 8:02 pmcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableySenior Living | Search AdsSenior Apartments Coming to Scottsdale (Take A Look At The Prices)Senior Living | Search AdsLux & LushShe Hid Her True Identity All Her Life With MakeupLux & LushDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her:‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale Tags: NULLlast_img

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