Britain’s services sector enjoyed a sharp pick-up in growth last month but companies were nervous about Brexit, a closely watched survey showed on Friday, a day after the Bank of England raised interest rates for the first time in a decade.The IHS Markit/CIPS services purchasing managers’ index (PMI) jumped to 55.6 in October from 53.6 in September, its highest level since April and its biggest one-month rise sinceAugust 2016. The reading exceeded all forecasts in a Reuters poll and moved further above the 50 mark that separates growth from contraction.
Source: UK services sector grows at fastest rate in six months – IHS Markit/CIPS – Reuters
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