Surprise Surge

Daily Post › September 06, 2007

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Summary

FIRMS in the services sector shrugged off August's turbulence in financial markets with a surprise surge in business, ew figures showed yesterday.

The Chartered Institute of Purchasing and Supply (CIPS) activity index leapt to 57.6 last month, compared to 57 in July, confounding economists' expectations of a decline. A figure above 50 represents growth.

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Surprise Surge

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