- U.K. services PMI dropped to 60 in November from 62.5 in October and missed expectations of 62.
- Activity and new business continued to rise at "historically sharp rates," says Markit.
- Service providers added extra staff, while backlogs rose steadily.
- The PMI surveys for services, manufacturing and construction indicate that GDP is on track to grow more than 1% in Q4.
- However, one note of caution is that inflation reached the highest rate since May 2011 as service providers reacted to increasing costs.
- The FTSE 100 is +0.1% and the pound is -0.25% at $1.635. (PR)
- ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK
Torrid growth in U.K. services sector eases a little
Dec 4 2013, 04:40 ET