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Evening Standard
Evening Standard
Business
Anna Wise

‘Post-budget clarity’ boosts UK services sector but job shedding worsens

United Kingdom PMI PA Graphics
The UK’s services sector rebounded at the start of the year, survey data shows (Yui Mok/PA) - (PA Archive)

The UK’s services sector rebounded at the start of the year as “post-budget clarity” helped bring business activity to a five-month high, despite the industry facing the longest period of job cutting in 16 years, new figures show.

The S&P Global UK services PMI survey, watched closely by economists, scored a reading of 54.0 in January, up from 51.4 in December.

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