Service sector remains on strong growth path
Survey data from Markit and CIPS continued to signal strong growth in the dominant UK services sector moving into the second half of 2015. Growth of business activity remained sharp, despite easing slightly since June, and was in line with the trend pace over the past two-and-a-half years of continuous expansion.
- Activity growth eases slightly, but remains marked
- Employment rises at weakest rate since March 2014
- New business growth strengthens, but longer-term outlook eases to five-month low