Friday, 5 March 2010

Service sector growth hits 3 year high


The Chartered Institute of Purchasing and Supply (CIPS) index rose to 58.4 from 54.5 the previous month, its highest since January 2007. The index allayed fears among some economists that the UK could slip back into recession in the current quarter. The service sector is a vital component of the UK economy. Any index score above 50 indicates growth.

http://news.bbc.co.uk/1/hi/business/8547944.stm