- Prior 62.5
- Employment 54.2 vs 56.2 in Oct
- Composite 60.5 vs 61.6 prior
Services levels out somewhat and who’d have thunk it with cable falling into the figure
New business continues to accelerate and although the headline didn’t beat expectations it’s still in good territory. Given the speed of the recovery in services it’s only natural for it to run out of steam at some point.
“Further buoyant growth of the services economy
hands the Chancellor a further piece of good news
ahead of the Autumn Statement. Although
signalling an easing in the rate of growth in
November, the PMI survey of the services economy
continues to signal an impressively strong pace of
expansion and one of the best performances for the
sector we’ve seen since data were first collected in
1996.” Said Chris Williamson at Markit
UK services PMI 4 12 2013
