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Service industry growth reinforces belief that the recession is over
JICWyllie
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10-5-2009 8:57 AM
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tags:
1-recovery
,
2-increase
,
2-opportunities
,
3-reported
,
3-research
,
4-uk
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/095c4df2-4a71-4d89-b7cd-208cb5fa8000/EAC01F9B-3C63-4CD2-9E74-88B6F53851F0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.telegraph.co.uk/finance/economics/6261418/Service-industry-growth-reinforces-belief-that-the-recession-is-over.html" href="http://www.telegraph.co.uk/finance/economics/6261418/Service-industry-growth-reinforces-belief-that-the-recession-is-over.html" style="font-size: 11px;">www.telegraph.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/economics/6261418/Service-industry-growth-reinforces-belief-that-the-recession-is-over.html"><H2> Britain's dominant services sector grew in September at the fastest rate since the financial crisis began two years ago, a survey indicated on Monday, reinforcing beliefs that the recession is already over. </H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/economics/6261418/Service-industry-growth-reinforces-belief-that-the-recession-is-over.html"><P> The services Purchasing Managers’ Index (PMI), which is a closely watched indicator of the sector, rose to a higher-than-expected level of 55.3 from 54.1 in August, where any number above 50 signals expansions. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/economics/6261418/Service-industry-growth-reinforces-belief-that-the-recession-is-over.html"><P> It was the fifth month of growth in the sector, which includes those parts of the economy such as banking, insurance, toursim retail, education and services such as hairdressers. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/economics/6261418/Service-industry-growth-reinforces-belief-that-the-recession-is-over.html"><P> The new business measure of the PMI hit a 19-month high of 54, and business expectations hit a near two and a half year high of 75. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.telegraph.co.uk/finance/economics/6261418/Service-industry-growth-reinforces-belief-that-the-recession-is-over.html"><P> Official confirmation that the UK is out of recession is expected on Friday October 23, when the Office for National Statistics publishes its first estimate of gross domestic product over the period. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/EAC01F9B-3C63-4CD2-9E74-88B6F53851F0/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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