Services growing again

UK services sector returns to growth in November

Britain's services sector grew in November after three months of declines, according to the S&P Global/CIPS UK Services PMI. The index rose to 50.9 from 49.5 in October, coming in above the flash estimate of 50.5 and marking the highest reading since July. However, firms did report the fastest increase in prices charged since July, although the rate of inflation remained much softer than seen in the first half of the year. Tim Moore, economics director at S&P Global Market Intelligence, said: "UK service providers moved back into expansion mode during November as stabilising demand conditions helped to lift business activity from its recent malaise.”