Growth in the UK’s closely-watched service sector recovered in January – following the surprise contraction in December due to the disruption caused by bad weather. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) grew at its fastest pace in 8 months to 54.5 in January, from December’s 20-month low of 49.7. [...]
UK service sector activity recovers in January
