The services sector is feeling positive following the Conservative victory on December 12, but only barely.
The IHS Markit / CIPS purchasing managers’ index has inched up from 49.3 in November to 50, meaning that it technically indicates growth.
The survey was based on responses given between December 5 and December 19, with responses given after the election result pushing the score from 49, indicating contraction, to 50.
It is the highest level for the sector, which represents 80% of the UK economy, since September 2018.
