Services sector fires on all cylinders in June - PMI
LONDON | Wed Jul 3, 2013 9:34am BST
(Reuters) - Britain's service sector grew at the fastest rate in more than two years in June, a survey showed on Wednesday, fuelling optimism on the economy and giving Mark Carney more good news in his first week as Bank of England governor.
In a sign that the upswing may be sustained, new orders in the service sector rose at the fastest rate since June 2007, while a broader survey of private sector activity pointed to solid economic growth in the second quarter.
Coming on the heels of robust manufacturing data out on Monday, the figures suggest Britain's economy may need no more stimulus to reach what Carney has termed "escape velocity".