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Global Market: UK stocks rise after services PMI signals economic recovery
Britain's services sector returned to growth in July, with the S&P Global Services PMI rising to 52.1 as stronger domestic demand and easing cost pressures boosted activity. Improved business optimism and softer inflation supported UK and European equities, although employment and export demand remained weak, according to Reuters.
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independent.co.uk
UK manufacturing sector reveals slowdown in growth
A rise in new business and export orders helped maintain growing demand and strong production over the month.
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thehindubusinessline.com
Services growth slows markedly in July, PMI dipped to 53.3
Manufacturing has a share of over 17% in GVA. Both the indices are derived from responses collected among purchasing executives of 400 companies
