The Markit/CIPS Purchasing Managers’ Index® (PMI®) for the services sector showed confidence continues to strengthen.
Posting at 60.3, capacity pressures underpin solid employment gains.
David Noble, Chief Executive Officer at the Chartered Institute of Purchasing & Supply:
"After nearly six lost years of economic output, the UK economy looks to have really found its feet. The services sector signed off September to complete its best quarter since 1997. In conjunction with manufacturing and construction, Q3 2013 represents the best ever quarterly performance in 15-years of combined UK PMI history.
"The numbers reflect the stability we are currently seeing in the global economy, and the services sector is taking full advantage. The industry sustained August‟s impressive business growth, dipping only fractionally from a near seven-year high, and new orders have now been growing for nine months consecutively.
"As a result, confidence is stronger, encouraging firms to invest both in staff and contracts. The boost to employment is particularly welcome, having lagged in recent months. The reversal of August‟s slowdown comes as firms seek to meet growing demand and, perhaps more encouragingly, in anticipation that growth will be sustained into the next quarter."
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