The UK service sector activity smashes forecasts.
Britain’s economy looks on course for a good finish to the year, after a closely watched business survey for last month, although worries about inflation and political uncertainty are making firms nervous about 2017.
Companies in the UK’s services sector, which spans from banking to hotels, enjoyed the fastest growth in activity since January as they continued to recover from a short, sharp downturn following the Brexit vote.
The service sector accounts for about 80% of the UK economy. Combined with previous surveys of the manufacturing and construction sector, IHS Markiet forecasts that the economy as a whole will grow by 0.5% in the last three months of 2016.