UK’s service sector saw the fastest growth in 8 months

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The UK’s services sector saw its fastest growth in eight months during April, a survey has indicated.

The Markit/Cips Purchasing Managers’ Index (PMI) in April was 59.5, up from March’s figure of 58.9. A figure above 50 implies the sector is expanding.

April saw the UK’s fastest growth since August 2014, although prices charged by service sector businesses fell for the first time in six months.