Jeremy Cook
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UK services growth at six-year high, PMI survey suggests

The UK's services sector has expanded at its fastest pace since December 2006, a survey has indicated.

The Markit/CIPS Services Purchasing Managers' Index (PMI) rose to 60.2 in July from 56.9 the month before, a stronger showing than economists had expected.

Any reading above 50 indicates growth.

Jeremy Cook, chief economist at World First, said "these were great figures" but added "the key thing will be the sustainability of it".

  • 05 Aug 2013
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