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UK service sector activity climbs further

8 June 2011
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UK service sector activity climbs furtherThe fifth month in a row of service sector growth has been recorded in the UK, according to new figures.

Data for the industry showed the pace of activity slowed slightly during May 2011, with employment numbers remaining largely stable compared with the previous month.

The report by Markit and the CIPS revealed operations management professionals are continuing to see growth in average prices charged, as input costs - such as fuel, supplier charges and energy - increase.

"Overall growth of incoming new business is holding up reasonably well amid reports of improved market confidence," commented Markit senior economist Paul Smith.

The Business Activity Index for May 2011 stood at 53.8, down slightly from April's 54.3, with any figure above 50 indicative of expansion, while confidence in the sector rose to its highest level since February this year.

A recent report from Incomes Data Services suggested the private services sector saw median pay awards stand at 2.8 per cent in the three months to April 2011, down slightly from 2.9 per cent the previous period.ADNFCR-3058-ID-800571387-ADNFCR
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