LONDON (AFX) - The UK Chartered Institute of Purchasing and Supply reported that its service sector Business Activity index rose to a seasonally adjusted 51.4 in January from an unrevised 49.4 the previous month, according to market sources.
The following table provides a breakdown of the results. A reading above 50 signals expansion, and anything below it signals contraction. The greater the divergence the more rapid the rate of change.
All figures, with the exception of business expectations, are seasonally adjusted.
______________ Jan Dec Nov
Business activity 51.4 49.4 47.3
New business 51.9 50.5 47.8
Outstanding business 47.2 45.7 44.7
Business expectations 73.3 68.9 66.4
Employment 46.8 47.6 47.3
Prices charged 51.1 49.8 49.2
Input prices 53.7 51.1 50.6