Home Business news Service sector booms as UK economy unleashes pent-up demand

Service sector booms as UK economy unleashes pent-up demand

13

Vaccine rollout spurs fastest monthly rise for seven years with sharp increases in consumer and business spending and jobs growth

The unleashing of pent-up demand has given Britain’s service sector its fastest monthly growth in more than seven years despite some signs of a flattening out of activity in the past week, two separate snapshots of the economy have shown.

In its monthly health check, IHS Markit/CIPS reported sharp increases in consumer and business spending as lockdown restrictions were eased.

Continue reading…Vaccine rollout spurs fastest monthly rise for seven years with sharp increases in consumer and business spending and jobs growthThe unleashing of pent-up demand has given Britain’s service sector its fastest monthly growth in more than seven years despite some signs of a flattening out of activity in the past week, two separate snapshots of the economy have shown.In its monthly health check, IHS Markit/CIPS reported sharp increases in consumer and business spending as lockdown restrictions were eased. Continue reading…