The UK’s dominant service sector moved back into growth in October, but the rate of expansion remained weak, a new survey shows.
The rate of growth for service industries, which span hotels, restaurants, IT and finance, rose for the first time since June, according to the monthly Markit/CIPS services PMI published on Wednesday.
The survey’s business activity index for the tertiary sector rose for the first time in four months from 53.3 in September to 54.9. A figure over 50.0 indicates growth.
The result was the second weakest since May 2013 and new business growth failed to pick up from a 29-month low in September. Employment rose, continuing a trend since early 2013. Job creation also strengthened, the survey shows.
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The Guardian