Source: www.markiteconomics.com

Julys survey signalled continued growth of the UK service sector economy, albeit at a modest rate as temporary factors and a tough economic climate continued to weigh on activity and business.Margins remained under pressure as strong market competition led to discounting of charges, while input prices continued to rise in spite of evidence of falling fuel costs.After accounting for seasonal factors, the headline Business Activity Index registered 51.0 in July, down from 51.3. Although above the 50.0 no-change mark for the nineteenth consecutive month, Julys reading was the lowest in that … (read more)