British services activity reports strongest surge so far in 2017

British services activity reports strongest surge so far in 2017

Activity in the British service sector reported its strongest ascend this year. Undoubtedly, it bolstered optimism over the UK economy due to the fact that the sector makes up nearly 80% of Britain’s GDP, as industry data disclosed on Wednesday.

In a recent report, market research group Markit told that the seasonally adjusted Markit/CIPS services purchasing managers’ index edged up to 55.0 the previous month from an outcome of 53.3 in February.

In addition to this, market experts had expected the index to ascend to 53.5.

By the way, on the index, a value above 50.0 stands for expansion in the industry, while a value below 50.0 drops a hint at contraction.

Markit pointed out that new work increased at rather a strong pace. At the same time job creation slowed.

Aside from that, the research company drew attention to the fact that the strongest prices since September 2008 powered inflation.


Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera