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UK services sector gets surprise boost

Britain's large services sector - everything from restaurants to banking - surprised economists by picking up more strongly than expected last month.

The sector, which makes up about 80% of the economy, saw many companies working at capacity with full order books.

The services index, compiled by IHS Markit/CIPS Purchasing Managers' Index (PMI), grew to 54.3 in August from 53.5 in July.

But firms said Brexit worries were slowing investment for the year ahead.

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BBC News

 

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