Britain’s services sector continued to recover in August, leading to rising optimism that the economy is returning to health.
Activity expanded for a fourth successive month and at the strongest rate since September 2007, the Chartered Institute of Purchasing & Supply (CIPS), said.
Higher activity was supported by new business alongside work on existing contracts. The continuing positive trend supports expectations for the coming year, with confidence reaching a two-year high, according to CIPS.
David Noble, the chief executive of CIPS, said: “We’ve really seen a strong turnaround in the UK services sector in recent months. The sector has bounced back from its low earlier in the year and in August grew at its fastest pace in almost two years. This is particularly good news