RSS Feed
January 6th, 2012 
FAKE NEWS for the Zionist agenda -
Latest figure for services – which
account for up to 70 per cent of nation’s output – jumped
last month
By
Alex Brummer
Last updated at 12:08 AM on 6th January 2012
A strong recovery in the service sector yesterday added to mounting evidence that Britain’s economy is refusing to go into reverse.
The latest figure for services – which account for up to 70 per cent of the nation’s output and include activities from accountancy to hairdressing to legal advice – jumped last month.
The CIPS/Markit index of purchasing managers climbed to 54 in December from 52.2 in November, confounding forecasters who had predicted a dire final quarter.
A separate survey released by the Bank of England, pictured warned credit conditions could tighten due to the euro banking crisis
Any figure over 50 indicates the sector is expanding. The index, which tracks growth very accurately, also showed employment and business prospects improved.
The data comes after a raft of better-than-expected figures for December including the outlook for manufacturing, exports and construction.
‘The pace of economic growth accelerated slightly at the end of 2011,’ Markit Economic Research said. But it warns the pace was the weakest since the second three months of 2009, during the recession.
On the high street: Waitrose, pictured reported robust Christmas sales
James Knightly, of financial group ING,
said figures for manufacturing and construction ‘offer some hope there
is still life in the UK economy’.
On the high street, Waitrose, sports chain JJB and Clinton Cards reported robust Christmas sales.
A separate survey released by the Bank of England warned credit conditions could tighten due to the euro banking crisis.
Yesterday the euro sank to its lowest for 16 months against the pound and dollar. It fell to 82.5p or $1.28 on the foreign exchange market and to an 11-year low against the Japanese yen.
Share this article:
Here’s what other readers have said. Why not add your thoughts,
or debate this issue live on our message boards.
The comments below have not been moderated.
-
Newest -
Oldest -
Best rated -
Worst rated
the service sector should be a sector that depends on people from other occupations , otherwise money is just being spent from the public worker to the waiter to the hairdresser , no money being generated ,no products are being sold , its a ponzi scheme it will collapse
Report abuse
Not if the EUSSR can have anything to do with it such has Carbon Tax and
Financial taxes, because they want to control them and then wast the billions on their blood suckers..
Report abuse
Of course we get good news and Mervyn at the Bank of Doom and Gloom has to try and put a damper on things
Report abuse
The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.
Related posts:
Views: 0
Posted in 
Tags: 
