Summary
Britain's service sector expanded at a slower pace than expected in January, but a sharp pick-up in costs and strong demand encouraged firms to raise prices at their fastest rate in five months, a survey showed yesterday.
The services PMI headline activity index eased to 59.2 last month, below forecasts for a reading of 60.0 and down from a near- decade high of 60.6 in December.See the full content of this document
Extract
Inflationary Figures Point to Rates Hike Rise
But the report also showed wage costs drove the input prices index up to 60.3 in January - its highest in four months - and firms passed...
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