UK services sector grows

<p>Further positive signs for the UK economy have been revealed.</p>

The UK's services sector has grown at its fastest rate in June for over two years.

In a further positive piece of news for the economy, the latest Markit/Chartered Institute of Purchasing and Supply Services Purchasing Managers' Index (PMI) for the UK rose to 56.9 in June.

This was up from 54.9 in May, with a figure above 50 indicating growth. After it was revealed the UK's manufacturing sector rose to 52.5 last month, this may be a sign the nation's economic recovery is picking up speed.

"New orders and job creation across all sectors are now rising at the fastest rates for almost six years, led by the vast services economy, boding well for robust growth momentum to be sustained as we move into the second half of the year," said Markit's Chris Williamson.

The UK's economy grew by 0.3 per cent in the first quarter of the year, but the British Chambers of Commerce has predicted this is going to rise to 0.5 per cent for Q2 2013.

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