British services PMI rises to 58.7 in April

0 Comment(s)Print E-mail Xinhua, May 6, 2014
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British services purchasing managers' index (PMI) rose to 58.7 in April from 57.6 in March, marking the sharpest increase in activity so far this year, reported by Markit Tuesday.

The services sector dominates the British economy, contributing around three quarters of the gross domestic product, according to the Office of National Statistics.

Companies kept on top of workloads by adding to their payroll numbers, reflective in part of sustained confidence in the economic outlook, said Markit.

Meanwhile, cost pressures remained relatively subdued, with input prices rising to the weakest degree for 11 months, said Markit. Endi

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