United Kingdom service sector growth 'slows'

United Kingdom service sector growth 'slows'

United Kingdom service sector growth 'slows'

The Nikkei India Services Purchasing Managers' Index, or PMI, clocked in at 48.7 in January, above December's reading of 46.8. Echoing a separate report on manufacturing this week, Markit said services companies cited both those factors - as well as salaries and freight charges - for the increasing cost pressures they face.

In the latest sign living costs are rising, Npower said on Friday it was raising prices for more than a million customers, pushing up dual fuel bills rise by an average of 9.8% or £109 a year.

However, business expectations hit their highest point since May 2016, as robust pipelines of work, new product launches and low interest rates helped boost optimism for the year ahead.

Pakistan places JuD chief Hafiz Saeed's name on its Exit Control List
The Lahore high court had ordered his release in June 2009 after the government failed to establish a case against him. New Delhi has demanded Islamabad take measures against all Pakistan suspects involved in acts of terror in India.

That's down from 56.2 previously and lower than the 55.8 the City had expected.

Meanwhile, the final composite PMI increased to 55.8 in January from 54.1 the month before, marking the strongest jump in private sector business activity since November 2015.

The January PMI surveys still point to a buoyant start to 2017 for the United Kingdom economy, IHS Markit economist Chris Williamson said, who predicted that GDP will increase by a robust 0.5% in the first quarter, if current growth is sustained in coming months. The services report and similar surveys out earlier this week on manufacturing and construction still indicated a "buoyant start" to 2017 for the United Kingdom economy, he added.

Marine Le Pen refuses to repay European Union funds
The parliament has said that Griset spent most of her time working at the Front National headquarters in Paris, the BBC reported . It also comes amid a growing scandal surrounding conservative presidential nominee François Fillon and his wife Penelope .

Markit say that the Jan numbers still show positive signs and could put the United Kingdom on course for 0.5% growth in Q1.

The report comes a day after the Bank of England (BoE) raised its growth forecast for 2017, even as governor Mark Carney warned that the country was only starting its Brexit journey and there were risks to the outlook. Input costs at the highest since Mar 2011.

But the Bank's 2017 forecast is now higher than those of most private sector economists.

Flynn takes a page from Colin Powell at NSC
Steve Bannon standing far right as Trump has friendly chat with Vladimir Putin. The debate over Bannon's role in the Trump White House has only started.

Related news