LONDON (AFX) - UK manufacturing pay awards continue to be overshadowed by rises in the service sector, according to the latest Confederation of British Industry survey. The survey shows that manufacturing pay settlements stayed at 2.9 pct in the three-months to July, while service sector pay awards averaged 4.6 pct compared to 3.9 pct in the previous quarter. CBI's head of economic analysis, Sudhir Junankar, said : "Clearly it's a tale of a two-speed economy." He believes that relatively low manufacturing pay settlements reflect a major downward pressure on prices, coupled with the impact of global slowdown. "Coming on top of recent official figures which showed inflation under control we remain confident our data do not put the government's inflation target at risk," he added. The sharp rises in service sector pay were influenced by a batch of high awards in May among professional services firms that have relatively small numbers of employees. The CBI believes the impact on average earnings as a whole will therefore be limited.