UK service sector rise boosts prospects for economic growth
by Phillip Inman Economics correspondent from Economics | The Guardian on (#6J64)
Survey of services, construction and manufacturing indicate UK plc grew by 0.7% in first quarter
Britain's services sector moved up a gear in March, boosting George Osborne's hopes of strong economic growth ahead of next month's general election.
Rising order books and increased foreign investment pushed the Markit/Cips purchasing managers' index (PMI) for the service industries, which account for about 77% of the economy, to a seven-month high.
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