UK services growth hits 2006 high

Peter Spence
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The UK's service sector is growing at its fastest pace since 2006, according to new survey data from Markit.

A jump in the services purchasing manager's index defied lower analyst estimates, as the index rose from 56.9 to 60.2.

Economists had forecast an increase to just 57.2. Analysts have suggested that the leap in activity could mean a much stronger GDP print for the third quarter.

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