Britain's dominant services firms pick up pace in sign of economy accelerating

Britain's dominant services firms pick up pace in sign of economy accelerating

Britain's dominant services firms pick up pace in sign of economy accelerating

The index has held above the 50 line separating growth from contraction for 50 months running. Although the pace of growth slowed slightly in France it remained close to November's near seven-year high. Supply chain delays and increased global demand for inputs pushed costs up further, with the rate of cost inflation remaining sharp overall.

Factories across the globe warned they are finding it increasingly hard to keep up with demand, potentially forcing them to raise prices as the world economy looks set to enjoy its strongest year since 2011.

"Improved inflows of new business, rising backlogs of work and improved business optimism all point to this robust upswing in output growth being carried over into 2018", he says.

The boost came despite builders having to grapple with escalating costs, as the price of blocks, bricks, insulation and roof tiles all rose last month.

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At the same time, consumer credit continued to expand at a fairly strong £1.4bn on the month. The balance of companies expecting a rise in output levels remained among the weakest recorded since mid-2013, which survey respondents mainly linked to worries about the wider United Kingdom economic outlook.

IHS Markit, which compiled the survey, said companies had mainly attributed the higher rate of activity to inflows of new orders, which tested capacity and led to higher rates of employment.

Brasilia, Jan 4 (Prensa Latina) Brazil " s economic recovery shows mixed signs with a decline in service activity in December for the third consecutive month, as the manufacturing sector advanced, the IHS Markit consultancy revealed today. The balance of firms anticipating a rise in output levels continued to be among the weakest recorded since mid-2013, which survey respondents mainly attributed to concerns about the wider United Kingdom economic outlook. "Construction firms still anticipated future new work, in spite of the climate of continued uncertainty and wanted to ensure that skilled talented people were in place should the New Year offer more success than expected".

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