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UK Services Sector Continues to Grow

UK's Services PMI reported by Markit, came in at 58.6 for May. The forecast was 58.3, and the previous reading was 58.7. The reading has been steady in 2014 after peaking at 62.5 in Nov. 2013.


(UK Services PMI May 2014)

Key points from the report were:
- Employment activity rose due to new work.
- Confidence high and companies signal expansion plans.
- Operating costs up as wages increase.


(UK Services PMI May 2014)