Saturday, July 7, 2007

UK CIPS index rose to 57.7 in June

The UK's services sector, which accounts for nearly three quarters of the whole economy, rebounded in June after two muted readings.
The June business activity purchasing managers' index from the Chartered Institute of Purchasing and Supply came in at 57.7, higher than May's 57.2 and beating expectations of economists.

The employment sub-index climbed to 54.5 from 54.1. Meanwhile, business expectations improved, rising to 73.7 from 72.0.

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