A further increase in UK Services PMI - BNP Paribas

FXStreet (Łódź) - Catherine Stephan, economist at BNP Paribas, comments on the UK PMI Services data which increased in August against forecasts.

Key quotes

"In August, the CIPS/Markit activity index in service-producing industries further increased (to 60.5, after 59.1 in July)."

"Sustained growth in services and in construction sectors should offset the slowdown in activity growth in the manufacturing sector."