UK services sector expanded at a faster pace in August, largely driven by stronger new orders, despite the Brexit uncertainty, survey data from IHS Markit showed Wednesday.
The IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers' Index rose more-than-expected to 54.3 from 53.5 in July, reaching its second-highest level since February.
The expected score was 53.9. The index has remained above the neutral 50.0 no-change mark in each month since August 2016.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.