UK August final services PMI 53.7 vs 53.3 prelim ...Middle East

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UK August final services PMI 53.7 vs 53.3 prelim
Final Services PMI 53.7 vs. 53.3 expected and 52.5 prior.Final Composite PMI 53.8 vs. 53.4 expected and 52.8 prior.Key findings:Business activity growth accelerates again. Robust rise in new work led by improving domestic demand. Slowest rate of prices charged inflation for three- and-a-half years.Comment:Tim Moore, Economics Director at S&P Global Market Intelligence "August data highlighted a recovery in UK service sector performance as improving economic conditions and domestic political stability helped to bolster customer demand. New business again increased at a robust pace after a lull in decision-making earlier this summer. This fuelled the fastest upturn in service sector activity s

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