Growth in the UK’s closely-watched service sector accelerated in October but the outlook is cautious as companies worry about the impact of spending cuts. The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI climbed to 53.2 in October, from 52.8 in September, confounding expectations of a 52.5 reading. However, the index [...]
UK services sector activity improves in October
