herald

Tuesday 22 August 2017

Services sector growth

JULY saw continued positive momentum in the services sector, with new export business expanding for the 24th month in a row.

The Investec monthly Services Purchasing Managers index moved up to 57.6 in July – the sharpest rate of expansion seen in the sector in six years and the 12th month of growth in a row.

The hot weather was cited by some as a factor behind the improvement and the travel, transport, tourism and leisure sub-sector of the index saw its fastest rise in activity since June 2011.

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