Service sector activity picks up unexpectedly

The employment index, which measures whether firms are taking staff on or letting them go, hit a record low of 38.8 in March The slump in activity across Britain’s services sector ease slightly last month, according to data released today which also shows that firms are cutting jobs at a record rate. The Chartered Institute of Supply and Purchasing’s (CIPS) index of services activity rose to 45.5 last…

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