Economics
U.K. June Services Index Rises, Remains ‘Below Trend’
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U.K. services growth accelerated in June as the industry rebounded from a slowdown related to an additional public holiday. The pound erased its decline.
A gauge based on a survey of companies rose to 53.9 from 53.8 in May, Markit Economics Ltd. and the Chartered Institute of Purchasing and Supply said today in a report in London. Economists had forecast that the index would slip to 53.5, according to the median of 26 estimates in a Bloomberg News survey. A measure above 50 indicates expansion. A measure of new business fell in June.