UK Service Sector Growth At 17 Month High

Britain’s powerful services sector is motoring: the services Purchasing Managers’ Index is now at its highest for 17 months. Services make up 80% of the UK economy and the PMI surge to 56.2, up from 55.2 in November, is a noteworthy uptick in business activity. A Bloomberg survey of City economists predicted the services PMI would fall to 54.7 this month. More of that group-think, wrong-think

Chris Williamson, chief business economist at IHS Markit, said:

“A buoyant service sector adds to signs that the UK economy continues to defy widely-held expectations of a Brexit-driven slowdown. The faster growth of services activity follows similar news of improvements in the manufacturing and construction sectors at the end of 2016.”

Brexit Britain booming!




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Vote Leave’s Dom Cummings on David Davis:

“DD is manufactured exactly to specification as the perfect stooge for Heywood: thick as mince, lazy as a toad, and vain as Narcissus.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Everything is Awesome for Manufacturing Everything is Awesome for Manufacturing
HMT Predictions Way Off HMT Predictions Way Off
#DespiteBrexit: A Classic of the Genre #DespiteBrexit: A Classic of the Genre
Hat-Trick of Brexit Good News Hat-Trick of Brexit Good News
Sunday Shows Sunday Shows
City Confident as Hiring Rates Rocket City Confident as Hiring Rates Rocket
Davis Accepts Donations from Top Blairite and TV Remainer Davis Accepts Donations from Top Blairite and TV Remainer
Remainers Behind Smears and Negative Briefings Remainers Behind Smears and Negative Briefings
Torbynistas Torbynistas
Meltdown After Nuclear Power Plant Holds Bikini Contest to Choose Interns Meltdown After Nuclear Power Plant Holds Bikini Contest to Choose Interns
The Economist’s Lack of Intelligence Unit The Economist’s Lack of Intelligence Unit
Happy Independence Day! Happy Independence Day!
Exporters Order Books at 29 Year High Exporters Order Books at 29 Year High
“Soft” and “Hard” Brexit Terms Obsolete “Soft” and “Hard” Brexit Terms Obsolete
Could Sinn Fein Make Corbyn PM? Could Sinn Fein Make Corbyn PM?