British service sector soars in August - PMI

LONDON | Wed Sep 4, 2013 11:07am BST
(Reuters) - A rush of new business last month drove Britain's services sector to its fastest growth rate for more than six years, challenging the Bank of England's cautious outlook for the economy a day before a monetary policy meeting.

Wednesday's Markit/CIPS UK services purchasing managers' index (PMI) rose to 60.5 in August from 60.2 in July, adding to a run of data suggesting the UK economic recovery is gathering momentum.

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